Investor Presentaiton
2023 Alaska Investor Trip
Pikka Project Update
Drilling has commenced. Project remains on schedule and budget.
Project on schedule
Project attributes
Net Zero¹ development
Crude pricing
Completed major contracting & issued purchase orders under awarded contracts totaling
over $1 billion through June 2023
Drilling commenced in June
▶ Onsite 2022/23 winter construction activities completed
► Pipeline orders placed, materials are being delivered and fabrication is underway
Fabrication of fluid processing, seawater treatment, drill site, camp and grind and inject
modules progressing
► Community projects in progress
► Standardised, modular facility design
► Alaska, Canada, Indonesia fabrication sites
Fit for purpose electrified drilling rig
Installation and commissioning: tendering complete
Low intensity project ranking in top quartile of projects globally
Executed agreement with Alaska Native landowner to secure nature-based carbon offsets
Consortium DAC2 CCS³ Hub application selected for award of federal funds
Oil transport utilizing existing open access common carrier pipelines
Trades based on Alaska North Slope marker (slight premium to Brent)
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Santos
Scope 1 and 2 emissions, equity share
Direct Air Capture
Carbon Capture and Storage
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