26 March 2020
Beetaloo Exploration Program update
Throughout the response to COVID-19 we have worked with the Northern Territory and Federal Governments, followed health advice and made changes to our operations to protect people and communities across the Northern Territory.
We have also worked with the Northern Land Council, the representative body for Aboriginal people where we are exploring for gas.
We remain committed to our Beetaloo project which, if successful, has the potential to deliver long-term economic and social benefits for the Northern Territory, Australia and the region.
However, given the unprecedented circumstances brought about by COVID-19 we yesterday advised the NT Minister for Primary Resources and the CEO of the Northern Land Council that we are now at a point in our current work program to safely and temporarily pause activities at our Kyalla well site and reschedule further work to the second half of the year.
Activity on site is minimal and includes road works, installing water monitoring bores as required by regulation, and safely packing down the rig and moving it to the side of the lease now that drilling has been successfully completed.
We currently have 45 employees and contractors accommodated in a self-contained camp, 14 of which are Northern Territory residents and the remainder from interstate. Nobody on site has flown in internationally.
Those on site are observing health authority requirements for social distancing and we are also maintaining separation between Territory and interstate team members.
We will progressively reduce our presence to essential personnel only, ensuring we meet regulatory and environmental management conditions to monitor and maintain the site.
Those leaving will follow controlled travel plans and not travel through communities on the way from site.
During this interim period we will use Northern Territory based employees and contractors to undertake civil and other works in preparation for the resumption of activities later in the year.
Origin expects to recognise non-cash charges for FY2021 and issues guidance for FY2022
Origin Energy Limited (Origin) expects to recognise non-cash post-tax charges of $2,247 million in its FY2021 Statutory Income Statement to be released with its full-year results on 19 August 2021. Origin has also issued guidance for FY2022.