Our purpose is to provide sustainable returns for our shareholders by supplying reliable, affordable and cleaner energy to improve the lives of people in Australia and Asia.
Our vision is to be Australia’s leading natural gas company by 2025.
To deliver our vision we will aspire to:
- Reduce emissions & improve air quality across Asia & Australia by displacing coal with natural gas and supporting the economic development of combined gas & renewable energy solutions
- Be the leading national supplier of domestic gas in Australia
- Be a leading regional LNG supplier by increasing LNG sales to our Asian customers to over 4.5 million tonnes per annum
- Be a leading regional supplier of premium low sulphur crude and condensate to Australian and Asian customers
- Be recognised as Australia’s safest, most reliable & lowest cost developer and operator of upstream and midstream oil & gas facilities & infrastructure
- Contribute positively to the communities in which we operate by providing jobs, energy supply and local partnerships
- Develop our people and culture to deliver our vision.
A three phase strategy to transform, build and grow the business will drive shareholder returns as we continue to focus on the exploration, development, production and sale of natural gas.
- Diverse and balanced portfolio of five core, long-life natural gas assets
- Robust balance sheet
- Lowest cost onshore operator in Australia
- Disciplined, low cost operating model, portfolio free cash flow breakeven at ≤$35/bbl oil price
- Reduce emissions across core assets
- Develop low-risk, brownfields growth prospects across the core portfolio
- Pursue strategically aligned, value accretive acquisition opportunities
- Leverage facilities and infrastructure operations strategic capability
- Maximise margin through M&T business
- Establish Energy Solutions business
- Focused exploration strategy around core assets
- Execute and bring on-line growth opportunities across the core portfolio
- Exploit M&A opportunities to strengthen core assets
- Generate new revenue through low-carbon Energy Solutions projects