PNG Oil & Gas Industry Overview

Way Forward Upcoming Projects Papua LNG first production 2028 at 6 million tonnes per annum (MTA) → P'Nyang LNG planned for production in 2032. We anticipate a 3 MTA. Together with PNG LNG project, total LNG production is anticipated to be around 15 MTA in 2032 with potential upsides. → Sub-commercial discovered Gas Fields Aggregation and commercialization of our marginal gas fields to piggy back on the existing and upcoming mega projects' infrastructure and markets *Also for domestic market commercialization options • Exploration Synergize Exploration in the Papuan Basin, Gulf of Papua and northern basins, with focus offshore 13

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