Investor Presentaiton
Delivering as a low cost operator
Beach operating costs/boe¹
$/boe
10
9
9.1
8
FY17
9.7
FY18
(pre-Lattice) (blend of pre-
1.
13
2.
and post-
Lattice)
9.9
9.4
9.3
beach
9.2
•
•
Operational Excellence program launched to generate
value through safe, reliable and efficient operations
o Reliability focus saw average facility reliability
improve to >97% across our six operated facilities in
FY19
。 Sustainable cost out has achieved a $21 million
reduction in direct controllable operating costs
$30 million reduction2 in direct controllable operating
costs by the end of FY20 remains on track
Q1 FY20, average facility reliability improved further to
99% across our six operated facilities - focus now on
maintaining reliability above 98% for FY20
FY19
H2 FY18
H1 FY19
H2 FY19
Full year data
Half year data
Operating costs exclude royalties, tolls, tariffs and 3rd party purchases. Operating costs per boe is for the entire group and includes both operated and non-operated assets
Relative to FY18 baseline direct controllable operating costs of $160 millionView entire presentation