#1RESOURCING THE TERRITORY Upstream and downstream investment opportunities in Australia's Northern Territory Dorothy Close Director Regional Geoscience Northern Territory Geological Survey Dept Industry, Tourism and Trade Northern Territory, Australia NAPE Summit 2021 Houston Resourcing the Territory (nt.gov.au) NORTHERN TERRITORY GOVERNMENT#2Australia's Northern Territory A resource focussed economy RESOURCING THE TERRITORY • 1.35 million km² . 3rd largest jurisdiction by area • 1% of Australia's population . The Territory is an open and trade oriented economy •Top trading partners in SE Asia: Japan, China, Taiwan, Thailand, Singapore, Indonesia, Korea, Malaysia ... • Major exports: LNG, agriculture, minerals • Closest LNG hub to SE Asia: Ichthys LNG Project (initial capacity of 8.4 Mtpa LNG) + Darwin LNG (design capacity of 3.7 Mtpa LNG) • Improved pipeline infrastructure -now linked to domestic east coast markets NORTHERN TERRITORY GOVERNMENT#3Investment to lead NT economic recovery Territory government report into post COVID-19 economic recovery plan • . ● . . Private investment identified as crucial component Gas has central role in supporting the energy transition and as feedstock to manufacturing Recognising the capacity of growth in LNG exports whilst building local demand World class gas resources still untapped Engagement with industry and the Australian govt to support planning and development of onshore basins Resourcing-the-territory.nt.gov.au RESOURCING THE TERRITORY A STEP CHANGE TO WIN INVESTMENT AND CREATE JOBS TERRITORY ECONOMIC RECONSTRUCTION COMMISSION: FINAL REPORT Territory Economic Reconstruction Commission: Final Report NORTHERN TERRITORY GOVERNMENT#4Development of transitional gas supplies • • Actions to meet recommendations in commissioned report Accelerated appraisal and planning for Beetaloo and other onshore gas basins Engagement with offshore gas field operators to accelerate development options Complete the implementation of the recommendations from the Scientific Inquiry into Hydraulic Fracturing in the Northern Territory FOCUS ON THE SECTORS THAT WILL DRIVE GROWTH RESOURCING THE TERRITORY The Territory has world class energy resources positioning it for growth in a net zero world Energy transition (renewables) Energy transition (gas) Decarbonisation and sustainable industry Resourcing-the-territory.nt.gov.au Territory Economic Reconstruction Commission | Final Report | 42 Territory Economic Reconstruction Commission: Final Report NORTHERN TERRITORY GOVERNMENT#5Aust. Govt initiatives: Beetaloo Sub-basin The Beetaloo Strategic Basin Plan: A$224 million 1. Build a clearer picture of the resource Beetaloo Cooperative Drilling Program (A$50 mill): grants for 25% of eligible exploration costs, capped at A$7.5 mill per well & 3 wells per exploration venture 2. Establish efficient & effective regulation Work with the NT govt to ensure regulations are fit for purpose 3. Enable infrastructure A$173.6 mill to upgrade roads supporting development of gas resources in the Beetaloo area 4. Share regional benefits Ensure that Beetaloo Sub-basin development benefits local and indigenous communities RESOURCING THE TERRITORY NORTHERN TERRITORY GOVERNMENT#6Beetaloo Sub-basin exploration update Beetaloo Sub-basin/McArthur Basin: results from exploration in 2020/21 Carpentaria-1: Empire Energy announces liquids-rich gas play in Velkerri Formation; fracture stimulation and flow testing planned in 2021 Kyalla-117 N2: Origin & Falcon Oil and Gas notification of liquids-rich gas discovery in Kyalla Formation Tanumbrini-1: Tamboran Resources announce positive results for vertical well production flow test Velkerri Formation Further information and data on geology, prospectivity and current exploration of the Territory's onshore basins: Resourcing the Territory 340 P297 EP EPINI RESOURCING THE TERRITORY EPIS ER154 unbury Dinolooo EPITA Tanumbrini-1 EP O EP180 O EPTY Kyalla-117 Carpentaria-1 P117 Em EPIC EPH EP191 Velkerri and Kyalla dry gas and liquids rich plays: GBA Beetaloo Sub- basin NORTHERN TERRITORY GOVERNMENT#7Investment opportunities, NT Upstream investment • • Farm-in opportunities with existing acreage held by junior to mid-tier explorers Upcoming acreage releases Downstream investment LNG expansion (existing facilities can accom five more LNG trains) Gas-based processing and manufacturing (dedicated land available located near existing LNG facilities) Gas-pipeline infrastructure (options to expand existing or add new pipelines) Service and supply (highly skilled workforce specifically available to oil & gas industry) theterritory.com.au/invest/investment-opportunities/oil-and-gas RESOURCING THE TERRITORY NORTHERN TERRITORY GOVERNMENT#8RESOURCING THE TERRITORY Low emissions future - investment opportunities in Australia's Northern Territory Dorothy Close Director Regional Geoscience Northern Territory Geological Survey Dept Industry, Tourism and Trade Northern Territory, Australia NAPE Summit 2021 Houston Resourcing the Territory (nt.gov.au) NORTHERN TERRITORY GOVERNMENT#9Low emissions strategies and projects Northern Territory strategies and policies . • · Climate Change Response: Towards 2050 achieve zero net emissions by 2050 Roadmap to Renewables 50% renewable energy from grid-connected installations by 2030 • • Solar Energy Projects Sun Cable - world's largest solar farm generating 10 GW ENI Australia - acquisition of three solar projects on the NT (Batchelor, Manton Dam: both 12.5 MW and Katherine: 33MW) Renewable Hydrogen Strategy Centre for renewable hydrogen technology research, production and downstream manufacturing aligning with Australia's National Hydrogen Strategy RESOURCING THE TERRITORY NORTHERN TERRITORY GOVERNMENT