2017-2020 Strategic Objectives Vision To generate top quartile - - PowerPoint PPT Presentation

A d v a n c e t h e d e v e l

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m e n t

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P N G G r

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t h e B u s i n e s s O p t i m i s e t h e B u s i n e s s

Vision

To generate top quartile returns for shareholders through excellence in socially responsible oil and gas exploration and production

Maximise influence in PNG by being the leading corporate citizen and promoting a stable

• perating

environment Enhance

• rganisational

capability to deliver the strategy Facilitate optimal commercial integration of LNG expansion Develop options for material growth Explore and appraise high value oil and gas accumulations Optimise oil and gas assets through safe, reliable and sustainable

• perations

Optimise capital and liquidity management to support investment and reward shareholders

2017-2020 Strategic Objectives

01

Ensure safe, reliable and sustainable

• perations

02

Maintain the

• perations and

value that come from PNG LNG

03

Deliver

• pportunities to

mitigate production decline and maximise reserves

04

Deliver Life of Asset Plans and Projects

05

Develop and implement longer-term

• perating

philosophy

06

Appraise and monetise

• perated

undeveloped gas fields

07

Optimise drilling and supply chain performance

STRATEGIC OBJECTIVE AND SUPPORTING INITIATIVES

• 1. Optimise oil and gas assets

Optimise oil and gas assets through safe, reliable and sustainable

• perations

Vision

A d v a n c e t h e d e v e l

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P N G G r

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01

Facilitate early and continued alignment between joint venture partners

02

Align Government

• n optimal

integrated development

03

Provide bespoke solutions to Gas Agreement issues

04

Secure license tenure

05

Play leading role in strategic landowner engagement

06

Invest in near-field drilling with clear commercialisation

• ptions

STRATEGIC OBJECTIVE AND SUPPORTING INITIATIVES

• 2. Optimise commercial integration of LNG expansion

Facilitate optimal commercial integration

• f LNG expansion

Vision

A d v a n c e t h e d e v e l

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P N G G r

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t h e B u s i n e s s O p t i m i s e t h e B u s i n e s s

Vision

01

Secure outstanding farm-ins and license awards

02

Mature portfolio to drillable status to underpin reserve replacement

03

Prioritise activities to align with available funding

04

Deliver exploration programme focused on frontier regions that can add material value

05

Pursue expanded

• peratorship
• pportunities

STRATEGIC OBJECTIVE AND SUPPORTING INITIATIVES

• 3. Explore and appraise high value accumulations

G r

• w

t h e B u s i n e s s

Explore and appraise high value oil and gas accumulations

A d v a n c e t h e d e v e l

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Vision

01

Ensure PNG LNG benefits are distributed

02

Align key PNG in- country stakeholders to support growth projects, power initiatives and

• utstanding license

awards

03

Lead/support strategic landowner engagement

04

Proactively support and protect value of operating

• il and gas assets

05

Implement the Social Responsibility Strategy

STRATEGIC OBJECTIVE AND SUPPORTING INITIATIVES

• 4. Promote a stable operating environment in PNG

A d v a n c e t h e d e v e l

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P N G G r

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t h e B u s i n e s s O p t i m i s e t h e B u s i n e s s

Maximise influence in PNG by being the leading corporate citizen and promoting a stable operating environment

Vision

01

Progress high potential new venture

• pportunities

02

Establish 1-2 focused studies with strategic partners

STRATEGIC OBJECTIVE AND SUPPORTING INITIATIVES

• 5. Develop options for material growth

G r

• w

t h e B u s i n e s s

Develop options for material growth

Vision

01

Optimise balance sheet and cash flows to ensure funding for required activities

02

Deliver financing plan to support LNG expansion

03

Implement the most value accretive capital return mechanisms

STRATEGIC OBJECTIVE AND SUPPORTING INITIATIVES

• 6. Optimise capital and liquidity management

G r

• w

t h e B u s i n e s s O p t i m i s e t h e B u s i n e s s

Optimise capital and liquidity management to support investment and reward shareholders

Vision

01

Align the organisation

02

Develop capability and support employee development

03

Build high performance teams that are diverse, innovative and technology enabled

STRATEGIC OBJECTIVE AND SUPPORTING INITIATIVES

• 7. Enhance organisation capability to deliver

A d v a n c e t h e d e v e l

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P N G G r

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Enhance

• rganisational

capability to deliver the strategy

Vision