Origin Energy Limited, an integrated energy company, engages in the exploration and production of oil and gas, electricity generation, and wholesale and retail sale of electricity and gas in Australia, New Zealand, and the Pacific. As of June 30, 2009, the company had approximately 2,610,000 customer accounts across electricity and natural gas. Segments The company's operating segments include Exploration & Production; Retail; Generation; and Contact Energy. Exploration & Production The Exploration & Production Segment engages in the natural gas and oil exploration and production in Australia and New Zealand. It primary projects include the Kupe Gas Project in New Zealand; the Otway Gas Project in Victoria; and the Spring Gully field located in Queensland. Retail The Retail Segment offers natural gas, electricity, LPG, and energy related products and services in Australia and the Pacific. Generation The Generation Segment engages in the natural gas-fired cogeneration and power generation in Australia. The company has interests in three externally contracted cogeneration plants, Osborne, Bulwer Island, and Worsley. It also involves in renewable energy business, which includes wind, geothermal, and solar photovoltaic energy. Its power generation projects primarily comprise Mortlake power station project in south-west Victoria; Darling Downs power station project in Queensland; Quarantine power station project in South Australia; and Uranquinty Power Station project located in South Australia. Contact Energy The Contact Energy Segment offers natural gas and electricity energy related products and services in New Zealand. It also engages in power generation in New Zealand. In addition, it offers LPG and related products and services in New Zealand. Joint Ventures The company has a joint venture with ConocoPhilips for the development of a CSG to LNG project in Queensland. Acquisitions In July 2008, the company acquired 100% of the shares in BBP Uranquinty Power Pty Ltd (renamed Origin Energy Uranquinty Power Pty Ltd OEUP). The principal asset of OEUP is the Uranquinty Power Station. In August 2008, the company acquired a 51% interest in Origin LPG (Vietnam) LLC. In May 2009, the company acquired 100% of the shares in Wind Power Pty Ltd and its fully owned subsidiaries. In August 2009, the company acquired a 100% interest in exploration permit ATP 788P for CSG resources in Queensland’s Surat Basin from the Pangaea Group. Joint Ventures In January 2010, the company and Micron Technology Inc. have formed a 50-50 joint venture with a focus on the development of photovoltaic technology. Photovoltaic energy technology is a natural area of investigation.
origin energy ltd
(ORG:Australian Stock Exchange Ltd)
264 - 278 George Street
Sydney, NSW 2000
Phone: 61 2 8345 5000
Fax: 61 2 9252 1566www.originenergy.com.au
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