ORIGIN ENERGY LIMITED — Capital/Financing Update 2016

Aug 28, 2016

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ToCompany Announcements OfficeCompanyASX LimitedFromHelen HardySubjectHalladale/Speculant comes online	Facsimile1300 135 638
	Date29 August 2016
	Pages2

Please find attached a release on the above subject.

Regards

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Helen Hardy Company Secretary 02 8345 5000

Origin Energy Limited ACN 000 051 696  Level 45 Australia Square, 264-278 George Street, Sydney NSW 2000 GPO Box 5376, Sydney NSW 2001  Telephone (02) 8345 5000  Facsimile (02) 9252 1566  www.originenergy.com.au

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ASX/Media Release

29 August 2016

Halladale/Speculant comes online

Origin Energy Limited (Origin) today announced that the offshore Halladale/Speculant fields in the Otway Basin have come online.

The 100 per cent Origin-owned Halladale/Speculant project is expected to boost production at the Otway Gas Plant by up to 80TJ/day and drive growth in underlying EBITDA from FY2017 onwards.

“Gas has a growing role both as a lower emissions replacement for coal and providing reliability to support growth in renewables and the Halladale/Speculant project will support that growing demand,” Origin Integrated Gas CEO David Baldwin said.

Delivered in two parts, the Halladale/Speculant project involved:

• Drilling from a land base (30-kilometres east of Warrnambool) to access offshore reservoirs locations five kilometres off the coast in the Otway Basin;

• Construction of the new 33-kilometre Halladale/Speculant pipeline, connecting the well site to the Otway Gas Plant.

“Our strategy is connecting resources to markets and we are delighted that Halladale/Speculant will contribute to domestic gas supply and support the growth in renewables,” Mr Baldwin said.

For further information please contact:

Media Investors Stephen Ellaway Joanna Nelson Senior External Affairs Manager Group Manager, Investor Relations Ph: +61 2 9375 5834 Ph: +61 2 9375 5708 Mobile: +61 417 851 287 Mobile: +61 459 837 251

About Origin Energy

Origin Energy (ASX: ORG) is the leading Australian integrated energy company with market leading positions in energy retailing (approximately 4.2 million customer accounts), power generation (approximately 6,000 MW of capacity owned and contracted) and natural gas production (1,093 PJ of 2P reserves and annual production of 82 PJe).

Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing Australia’s biggest CSG to LNG project based on the country’s largest 2P CSG reserves base.

www.originenergy.com.au