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Bayu-Undan Suspension of Operations Package 1 Activities

Supplier Information Session, Dili, Timor-Leste, March 2021

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Agenda

Safety Briefing Timor Plaza Hotel Representative

Opening Address Fernando da Silva, ANPM Director Development & Production

Introduction and Purpose of Information SessionJose Lobato Santos Country Manager / Diretór Nasionál Santos

Bayu-Undan Overview Paul PattrickSantos Operations Lead

Local Participation & Contracting Approach

Gen Wallace & Adam Widdowson Santos Contracts & Procurement

Paul Pattrick Santos Operations Lead

Reinalda Pires, Santos Timor Leste Procurement Officer

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Opening Address / Diskursu Abertura

Fernando da Silva

Director-Development and Production / Diretór Dezenvolvimentu no Produsaun

Development and Production Directorate / Diresaun ba Dezenvolvimentu no Produsaun

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Purpose of Information Session

Jose Lobato Goncalves – Santos Timor-Leste Country Manager / Diretór Nasionál

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+ Santos is a foundation partner in Bayu-Undan

+ 2020: Santos purchased ConocoPhillips interest in Bayu-

Undan and is now Operator and the biggest equity holder

+ Jan 2021: US$235 million investment to drilling three new infill

wells to extend the Bayu-Undan life to ~2023

+ Looking for opportunities to extend Bayu-Undan life further, as

well as other growth opportunities in Timor-Leste

+ Completing a study of Timor-Leste acreage and have pre-

qualified to participate in 2021 acreage release

+ In parallel we are planning for the eventual decommissioning

of Bayu-Undan, which is a large project that will occur over

several years

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Santos in Timor-Leste

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+ Santos is committed to Bayu-Undan delivering jobs, business

opportunities and training to Timor-Leste

+ US$173+ million spent locally by Bayu-Undan; US$18+ million

in 2020

+ 340+ Timorese are employed in Bayu-Undan; 40%+ of our

offshore workforce is Timor-Leste

+ US$20+ billion revenue to the Petroleum Fund; extra revenue

from new wells

+ Bayu-Undan Facility is now located in 100% Timor-Leste

offshore waters

+ Made commitments to support Timor-Leste suppliers to

compete for decommissioning work

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Timor-Leste Participation

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+ Decommissioning is a long-term project in the planning phase

+ Seeking to maximise TL supplier participation

+ Early information to suppliers

+ Use of local infrastructure (e.g. Tibar port)

+ Unbundling of scopes and targeted procurement

+ Encouraging international partnerships

+ Increasing capacity of our Dili office to provide support

+ Establishing an Enterprise Service Support Centre

Santos will give preference to goods and services produced in

Timor-Leste, or provided by contractors operating out of Timor-

Leste, provided they are offered on competitive terms and

conditions compared with other tenderers

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Support Timorese Supplier Participation

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Key Objectives of Today

+ Inform potential business opportunities for Timor-Leste suppliers

+ Types of services that will be required

+ Outline opportunities for Timor-Leste suppliers, and potential for partnerships & alliances

+ Details of where can you find information and who to contact

+ What Santos requires from its suppliers and actions suppliers can take

+ Target audience:

+ Businesses registered in Timor-Leste

+ Business activities related to offshore oil & gas industry or onshore related services

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Bayu-Undan Overview

Paul Pattrick – Operations Lead

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CPP

FSO

WP1

Floating, Storage and Offloading facility (FSO)

Un-manned wellhead platform (WP1)

Processing platforms and living quarters. Gas goes to the Darwin LNG plant and condensate to the FSO for selling

Bayu-Undan Infrastructure

Refer to handout for further detail

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Package 1: Suspension of Operations

Package1Suspension of Operations

~ 6 months

ProductionCessation

~2023

Package1 Suspension of Operations Scope

+ Suspend all wells

+ Clean facility and subsea production systems

+ Disconnect and remove the FSO

+ Set up remote monitoring, shutdown the facilities and de-man the field

• Cessation of Production estimated in 2023, actual date may vary

• Suspension of Operations (Package 1) is time critical

• 2021 activities will focus on detailed planning for Package 1

• Package 1 tendering activities will occur in 2021 and 2022

• Future activity currently being identified, including potential for local participation

Warm Stack

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Package 1: Suspension of Operations

CPP FSOWP1

Suspension of operations:

+ Isolate and disconnect all hydrocarbon sources, de-energise facilities, suspend topside wells

+ Purge, flush and clean topside and subsea facilities

+ De-man platforms

+ Wastes disposal

+ Remove some subsea facilities

+ Tow FSO to disposal yard and dispose

Leave base

in Situ

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Package 1: Suspension of Operations - Vessel Utilisation

Clean and Flush

Subsea RemovalTow Facilities

2x 180t BP TUGS 1x 100t BP Tug 1x TUGS

+ Vessels and tugs will be used for:

+ Cleaning and flushing of subsea facilities and pipelines

+ Removing subsea equipment

+ Towing removed subsea equipment to disposal yard

+ Supporting FSO disconnection and towing

Examples of vessels typically used for these type of activities

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+ Due to start at end of Package 1

+ Topsides items require remote monitoring

+ Platform equipment to remain operational

+ Guard Boat supporting maintenance

+ 30 berth maintenance accommodation

+ 25m personnel gangway

+ 4.5m pedestal

+ Assess to cellar deck

Package 1: Topsides Maintenance during NUI

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Package 1 - Tibar Port Opportunities

+ Tibar Port being developed

+ Construction is currently in progress: estimated operations by mid 2022

+ Opportunity to use part of the port area for:

─ Dismantling yard

─ Marshalling

+ Waste management in country needs to be further developed to unlock potential further opportunities

+ Contractors will be requested to give preference to the use of TL port facilities, subject to it satisfying necessary requirements

Concept >2030 Status Q1 2021

Status Q1 2021

Temporary HLV

Loadin Quay

(Current WD ~4m)

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Local Participation and Contracting

Genevieve Wallace – Contracts & Procurement ManagerAdam Widdowson – Contracts & Procurement AnalystPaul Pattrick – Operations Lead – Bayu UndanReinalda Pires – Dili Procurement Officer

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Suspension of Ops: Planned Tendering for 2021

Timing: 2021 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Vessel - flushing & cleaning spread &

jumper removal / disposal

Removal of Risers, Mid Water Arch and

Turret Buoy

FSO Disposal

Chemical Supply / Offshore Supervision

TL Onshore Disposal Yard

ITT

TL Supplier Engagement

EOI

Notif ITT / Single SourceITT

ITT

ITT

ITT

TL participation

+ Next steps:

+ Today: Provide high level information on package 1 scopes

+ Place ad asking TL suppliers to Express Interest in these scopes.

+ TL participation time has been added to allow for

+ Scopes to be shared with TL suppliers, once they are developed

+ Suppliers to explore partnerships with international suppliers

+ Information flow and networking will be facilitated by Santos until the Enterprise Support Services are available

TL participation

TL participation

TL participation

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+ Package 1 components for dismantling at Tibar Port:

─ 121t Mid-Water Arch (MWA)

─ 300t Submerged Turret Loading Buoy (STLB)

+ Opportunity for a dismantling yard to be developed (provided Tibar Port facilities are demonstrated as structurally suitable)

+ Opportunity for a "marshalling" area to be developed

+ Self Propelled Modular Trailers (SPMT’s) will be required to move the structures from the quay side to a dismantling area to be developed

Package 1 – Tibar Port Opportunities

STLB

MWASPMT (example)

SPMT (example)

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Package 1 - Planned Tendering for 2022

+ Offshore preservation / maintenance personnel

+ Temporary power generation

+ Walk to work gangway

+ Guard / Maintenance vessel

+ Remote Monitoring Equipment including design

+ Diesel procurement and supply offshore

+ Marshalling Space Timor-Leste

+ Tibar Port

+ Waste facility

+ International supply vessel

+ Equipment to support cleaning operations

+ FSO tow

Refer to hand out for full 2021/2022 list

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Targeted Procurement OpportunitiesTibar Port is a key enabler to achieve the following targeted procurement outcomes for Package 1 (2021 & 2022)

Scope Targeted Procurement Opportunity

Diesel Globally traded commodity, limited barrier to entry.

Supply / Guard / FSO tow vessel(s)Targeted Procurement opportunity, as vessels are typically lower specification and readily available in SEA. This scope offers the potential for a TL vendor to partner with

an international provider and build capacity within TL.

Removal and Disposal of MWA, Risers and Turret Buoy

There is an opportunity to apply targeted procurement for the onshore dismantling

element of this scope.

Vessel, flushing and cleaning spread and jumper removal / Disposal

There is an opportunity to apply targeted procurement for the onshore dismantling and

disposal element of this scope.

Temporary equipment to support cleaning operations

Opportunities for TL companies to source and provide offshore rental equipment

Waste facilityStudies ongoing to support targeted procurement of a TL waste facility to take receipt of specific Bayu-Undan waste streams. Various options being considered.

Marshalling Space Timor-LesteTargeted procurement opportunity with respect to TL suppliers providing land, security, and general services and facilities.

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Food and catering supplies

Package 1 Goods Required by Major Contractors

Containment materials

PPE

Cleaning chemicals and acids

Temporary Pumps Low spec valves for flushing

Temporary HosesRigging equipment

Medical Supplies

Flanges and Fittings

Maintenance consumables

Temporary supports and frames for equipment transportation

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Package 1 Services to Major Contractors

Vessels

Temp Hire Equipment

Scrap Metal and Equipment Disposal

General and Hazardous waste disposal

Offshore Container Hire

Catering & cleaning

Industrial cleaning and decontamination

N2 and steam Generator Hire

Warehouse & laydown

Marine vessel maintenance

Mobile plant maintenance

Rigging testing and inspection

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Good oilfield practice requires the following:

+ Health safety and environmental standards

+ Performance

+ Quality of goods

+ Technology considerations

+ Delivery timeframes

+ Local content requirements

+ Considerations for local partnerships

+ Inclusion of targeted procurement

+ Competitive pricing

+ Anti-Corruption legislation

Company Confidential

What do we need from our Suppliers?

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Where can you find information?Advertisements requesting Expressions of Interest:

+ Published in Independente and Timor Post

+ Available on Santos website: https://www.santos.com/procurement/bayu-undan-opportunities/

+ Adverts provide details of scopes of work required and minimum requirements

Actions requested from Timorese Suppliers:

+ Review Advertisements

─ Respond to applicable adverts with details of your capabilities

+ Submit a Supplier Form – available from:

─ Santos website: ABUW.BayuUndanEOI@santos.com

+ Contact potential international tenders

─ Santos Dili Office can provide details and facilitate contact with international tenderers upon request

─ Explore what you can provide them and partnerships

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Communications

Santos Dili office will provide support to Timorese suppliers in making contact with Tenderers and can facilitate introductory meetings

Bayu-Undan Local Business Register + Timor-Leste suppliers that have registered interest in supplying goods and/or services to Bayu-Undan

+ Issued by Santos with Invitations to Tender

+ Maintained by Procurement Officer in Dili Office

If interested in supplying goods / services to Tenderers:+ Register interest with Reinalda Pires, Dili Procurement Officer

+ Include specific details of the goods / services you can provide and details of your experience

+ Santos will provide details to the tenderers

+ We can help facilitate introductory meeting with tenderers

Tenderers / Contractors may contact International Suppliers directly to explore and offer:+ Goods and services contracting

+ Employment

+ Partnerships and alliances

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Procurement Team:

Reinalda Pires, TL Procurement OfficerEligio Alves, Supply ChainRulison De Jesus, Supply Chain

+ Dili based Procurement support for local supplier participation

+ Focal point for responses to Expression of Interest (EOI) adverts

+ Facilitates meetings between Timorese suppliers and major Bayu-Undan contractors

+ Contact details:

+ Email: ABUW.BayuUndanEOI@santos.com

+ Office address: Santos NA Timor Leste Pty Ltd, Unit 401, Level 4 -CBD 3, Dili Central Comoro/Timor Plaza Building, Dili, Dili, Timor-Leste

Engineering Team:

Robin Araujo, Engineering SupervisorAntonio Gomes, Project Engineer

+ Contact point for technical discussion

+ Can advise Suppliers if there are potential requirements at Bayu-Undan for goods / services offered

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Company Confidential

Dili Office Procurement & Technical Team

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+ Looking for opportunities to extend Bayu-Undan life further, as well as other growth opportunities in Timor-Leste

+ In parallel we are planning for the eventual decommissioning of Bayu-Undan; a large project that will occur over several years

+ Participation of local Timor-Leste suppliers is a key focus

+ Initial 2021 tender scope will be advertised inviting Expressions of Interest shortly

+ Encourage you to also explore international partnerships

+ Our Dili office is there to help!

+ Facilitating introductory meetings

+ Receiving Supplier Forms and Expressions of Interest

+ Providing Timorese supplier information to relevant tenderers

+ Important to include specific details of the goods / services your business provides

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Company Confidential

Summary

On behalf of the ANPM and Santos, we would like to thank you all for attending this Supplier Information Session today

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Thank you / Questions?

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Annexes (to be added to the handout material only)

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Bayu-Undan Offshore Facilities Overview

+ 14 well slots

+ 1,400 tonne topsides

+ 1,480 tonne four

legged jacket

WP1

DPP

+ 16 well slots

+ 14,100 tonne

topsides

+ 10,500 tonne eight

legged jacket

+ Flare Tower inc

bridge

Gas Export Pipeline

+ 380 km GEP –

prospect of only

removing section

within Timor Leste

being worked (~36km)

FSO

+ 172,500 dwt tanker

+ 230,000m3 product

storage

+ Submerged turret

loading system

with 12 chains/wire

and anchor piles

Infield Pipelines and Umbilicals

+ 41km infield pipelines

both rigid and flexible

+ 20km umbilicals

+ SSIV riser umbilical

+ Spools and Jumpers

Subsea Structures

+ SUDU, SSIV, DWM

+ MDB and Gravity Base

+ STL Buoy and Mooring

Chain

+ 5-off additional buoys

+ 10,850 tonne

topsides

+ 10,000 tonne eight

legged jacket

CUQ

Wells

+ 32 Wells

(23 platform, 9 subsea)

+ + Phase 3C infill wells

Water depth: 78 – 110m

2004

Facilities Operational

2006

Export of dry gas to DLNG

Q1 2023

Mid-case 3CCessation of Production

2018

Phase 3Bwells

2021

Tbc –Phase 3C

wells

2014

Phase 3Awells

2011

Phase 2wells

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Indicative list of all Package 1 contracts to be Tendered in 2021/2022 with local content potential

Package 1 contract scopes and LC application

Certain contracting activities need to commence in 2021 to ensure contracts are awarded to meet early cessation of production

Item

NoSubcontract Description

Local Content

AssessmentTendered in

1Vessel, flushing and cleaning spread and jumper removal / Disposal LCP / TP 2021

2Removal, Dismantle and Disposal of Risers, Mid Water Arch and Turret Buoy LCP / TP 2021

3Enterprise Centre TP 2021

4Wireline package / HP pumping package LCP 2022

5Supply Vessel, which would include Removal and Disposal of Condensate Hose LCP / TP 2022

6Waste Facility Timor-Leste LCP / TP 2022

7Tibar Port TP 2022

8Marshalling Space Timor-Leste TP 2022

9Diesel Procurement and supply offshore LCP / TP 2022

10Guard / Maintenance Vessel LCP / TP 2022

11Temporary power generators LCP / TP 2022

12Offshore preservation / maintenance personnel LCP 2022

13FSO Tow LCP / TP 2022

14Temporary Equipment for Cleaning incl Personnel LCP / TP 2022

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Description Category

1 Catering Supplies Catering

2 Cleaning/Utility Supplies Catering

3 Food Supply Catering

4 Fuel Supply (Diesel) Consumables

5 Temporary Hose supply Consumables

6 Industrial Gasses (Lab & Welding) Consumables

7 Maintenance consumables Consumables

8 Medical Supplies Consumables

9 PPE Supplies Consumables

10 Flanges & Fittings Supply Consumables

11 Gaskets Supply Consumables

12 Industrial Gasses (N2 Quads) Consumables

13 Lab Chemicals Consumables

14 Laboratory Consumables Consumables

15 Valve supply Consumables

16 Decontamination chemicals Decontamination

17 Steel supply for temporaries Fabrication

18 Rigging equipment Supply Vendor

Package 1 Itemised Goods Required with Potential for Local Participation

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Description Category19 Offshore Catering services Catering

20 Offshore Cleaning/utility services Catering

21 FSO Tank cleaning & CSE Services Decontamination

22 Topsides cleaning support services Decontamination

23 Engineering support services Engineering

24 Offshore Container/Tank Hire Equipment

25 Scaffolding Equipment Hire Equipment

26 Temporary buildings Equipment

27 Flange Management Equipment Hire Equipment

28 HVAC Chiller Hire Equipment

29 Nitrogen Generating Equipment Hire Equipment

30 Steam Generating Equipment Hire Equipment

31 Temporary Generator Hire Equipment

32 Temporary Pumps Hire Equipment

33 Tool Hire Equipment

34 Radio Hire Equipment

35 Fabrication of temporaries (Steelwork) Fabrication

36 Environmental Monitoring Dili HSE

37 Health Monitoring Dili HSE

38 Offshore Medic services HSE

39 Scaffold services Labour

40 Flange Management Services Labour

41 Maintenance and decommissioning support services Labour

42 Nitrogen generation Operations & maintenance/services Labour

43 Steam Generation Operations & maintenance/services Labour

44 Laboratory/Testing services Labour

45 Warehousing Onshore Dili Logistics

Package 1 Itemised Services Required with Potential for Local Participation

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Description Category46 Accommodation Dili Logistics

47 Crane and transport service Dili Logistics

48 Decommissioned equipment marshalling yard Logistics

49 Expediting and clearance services Logistics

50 Forklift Hire and maintenance Dili Logistics

51 Logistics Services Logistics

52 Offshore container cleaning Logistics

53 Port services Dili Logistics

54 Hose testing and certification Vendor

55 Hydraulic services Vendor

56 Rigging equipment testing Vendor

57 HVAC Chiller Maintenance/services Vendor

58 Temporary generator Maintenance/services Vendor

59 Offshore support vessels Stage 1 Vessels

60 DS02 & DS05 Subsea disconnection and cleaning Vessels

61 Guard vessel Inc. walk to work system Vessels

62 Construction support vessels FSO mooring and MDB Removal Vessels

63 FSO tow vessel Vessels

64 Scrap equipment disposal broker Waste

65 Hazardous waste disposal Dili Waste

66 General waste disposal Dili Waste

67 Onshore Decontamination services Waste

68 Onshore demolition yard Phase 1 Waste

69 Quarantine waste disposal Dili Waste

70 Scrap metal recycling and disposal Waste

Package 1 Itemised Services Required with Potential for Local Participation