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The impact of the transition from Construction to ProductionReady or Not? Creating a world-leading oil and gas industry in Australia

Economic Impact

Size of Services Market8

Annual Operational Expenditure (Opex)

Contribution to GDP, absolute

+59%

+280%

-21%+29%

+22%

Contribution to GDP (%)

2.52.15 +16%

Cumulative Capital Expenditure (Capex)+ Opex Investment

$55

$35

Royalty & Taxes from Oil & Gas Revenue6

Opex Services7

billion

billion

$13.20 billion

$1.3billion

$4.9billion

billion

Based on Australian dollars

$13.9

$11.4 +41%

$363

$258

$29 billion $23

billion

$10.25

Workforce Impact Oil and Gas Industry Employment9 (-11%)

9 Past and Future Employment Levels and Growth – Department of Employment Trend Data and Projections, 20141 figure = 5,000

10 Careers 2015 – Challenger Institute Career Prospectus 11 Careers 2015 – Challenger Institute Career Prospectus

34,200 people 30,500 people

6,711 Challenger enrolment, Certificate IV, diploma and advanced diploma in 201411

34200 people

3,354 Challenger Apprentices and Trainees in 201410

All sources not otherwise identified are based on Accenture research and estimates

Key Statistics

LNG Sales ($US billion)

LNG Cargoes (Shipments Per Annum)

+258%11.1856540.0794

+256%980275

Based on assumption average vessel size = 200000m3

Based on sales price of $US10/MMBTU

Key Statistics

+258%8624LNG Production

(mtpa)5

LNG Trains

Liquefaction Plants

+163%821

+150%104

Number of trains measured from 2015 onwards

World 1st: Coal Seam Gas (CSG) to LNG World 1st: Floating LNG World Largest: CO2 Geo-sequestration

Key Statistics

Natural Gas Production (bcm)4

Pipeline (km)3

Wells2

+45%33,00048,000

+418%5,78930,000

+94%12866 Legend:

2014

2020

1

1

Upstream Processing LNG Shipping and Trading Customer

+48%2,0303,000

O�shore Conventional LNG Customers

Onshore Unconventional Domestic Gas Market

1 Australia's rotor industry grows but faces hurdles" Aviation business Asia Pacific, 7 August 2013.

2 Accenture research and operating company reports

3 IBISWorld Industry Report I5021: Pipeline Transport in Australia, October 2014

4 :IEA World Energy Outlook 2014

7 IBIS and Accenture estimates

5 World LNG Report, 2014, International Gas Union (IGU)

8 IBIS and Accenture estimates

6 APPEA