Transition to Renewable Energy
• Amadeus basin assets - growth prospects
Context
- Strategically important assets within the Northern Territory,
where the local market remains strong
2,000
- Supply-demand gap in East Coast Australia continues to
widen and these fields provide exposure
1,500
Updates
- Palm Valley PV-12 has continued to be a strong producer,
online at over 10TJ/d and producing over 2.7PJ in the year
- Ongoing strong Dingo performance, combined with the
above, led to a reserves upgrade across both fields
Lookahead
- Review of infill drilling potential in Mereenie with additional
wells targeted in 2024
- Continue study for a Helium Recovery Unit at Mereenie
- Review potential for additional drilling in Palm Valley and
incremental compression capacity at Dingo
1,000
500
Forecast supply and demand, East Coast -AEMO
Shortage
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034
12P developed reserves
12P undeveloped reserves
Demand
E-605
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