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Evolution and Change: The Potential of the Canning Basin

Evolution and Change: The Potential of the Canning Basin. Ingrid Hebron Manager, Land Access and Kimberley The Chamber of Minerals and Energy of Western Australia (CME) 25 September 2013. About CME.

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Evolution and Change: The Potential of the Canning Basin

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  1. Evolution and Change: The Potential of the Canning Basin Ingrid Hebron Manager, Land Access and Kimberley The Chamber of Minerals and Energy of Western Australia (CME) 25 September 2013

  2. About CME Vision: To champion the Western Australian resource sector and assist it in achieving its vision to lead the world in sustainable practice, through innovation, and continuing to underpin Australia’s position in the global economy. • In operation for 112 years • Over 220 members representing over 95% of resources production by value in WA • Represents both large and small companies – significant membership growth in gold, uranium and iron ore. • CME portfolio interests cover • Infrastructure • Environment and Land Access • People Strategies • Occupational Safety and Health • Economics & Tax • Regional portfolios

  3. The Western Australian Resources Sector • In 2011-12, the Western Australian resources sector accounted for: • $106 billion in sales value • 91% of the State’s merchandise export income • 46% of National merchandise export income • State royalties of $5.3 billion • 116,500 people directly employed in mining + petroleum Source: Department of Mines and Petroleum (DMP) Resource Statistics Release January 2013

  4. Shale and Tight Gas • Located at approximately 2000 – 5000m depth. • Rock formations have limited permeability. • Stimulation and horizontal drilling often required to aid extraction. • Heavily regulated and monitored industry. • 50+ year history in Australia and WA. • Minimal footprint as 1 well pad can host multiple • wells. • For more information, visit: • DMP • www.dmp.wa.gov.au/shaleandtightgas • APPEA • www.appea.com.au • http://wa-onshoregas.info/ • Image courtesy of Department of Mines and Petroleum

  5. Australian Basins Source: US Energy Information Administration, Technically Recoverable Shale Oil and Shale Gas Resources: An Assessment of 137 Shale Formations in 41 Countries outside of the United States June 2013, pp.III-3 – III-7.

  6. Canning Basin • Approximately 530,000km2 • Estimated 1,227 tcf in shale gas • (235 tcfapproximated as risked recoverable). • Goldwyer shale formation: • risked shale oil/condensate approximately 244 B bbl; • estimated risked and technically recoverable of approximately 9.8 B bbl. • Geographically remote, but close to resource operations in the Pilbara and DBNGP. • Image courtesy of Department of Mines and Petroleum

  7. Operators • Canning Basin (Northern and Central) • Buru Energy & Mitsubishi Corporation • Exploration • Conventional and Unconventional Plays • State Agreement • Canning Basin (Central and Southern) • Hess Corporation • Canning Basin (Central and Southern) • New Standard Energy (with ConocoPhillips & PetroChina) • Exploration • Photo courtesy of Buru Energy

  8. Regional and State Benefits • Agreement Making • Sensitive, respectful, and mutually beneficial • Land Use • Minimal footprint enables coexisting or sequential land use. • Investment attractiveness. • Enhanced through planning and cooperation. • Economic growth. • Domestic energy security • Diversification and supply • Image courtesy of Buru Energy • Image courtesy of Department of Mines and Petroleum

  9. National Benefits • Significant potential for industry going forward. • Economic benefits include: • Supplying gas to resource operations and the domestic market • Employment growth • Supply chain benefits • Contribution to the marketand government. • Energy Security through diversification and supply. • Climate Change – the benefits of natural gas compared to coal power generation. • Photo courtesy of the Department of Mines and Petroleum

  10. Realising the Opportunities • Community Engagement: • Communicating reliable information • Agency meeting and briefings • Early engagement • Mutual respect and understanding • Forward Planning and improving investment attractiveness: • Regional planning • Workforce development • Infrastructure • Land Use Planning • Providing transparency, certaintyand common principles. • Addressing cost of doing business and productivity through a cooperative approach. • Photo courtesy of Buru Energy

  11. The Chamber of Minerals and Energy of Western AustraliaLevel 7, 12 St Georges TerracePerth WA 6000T 08 9325 2955F 08 9221 3701E chamber@cmewa.comW www.cmewa.com.au Thank You

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