QGC Upstream – operational efficiency improvement

QGC Upstream has achieved its best-ever wells performance, with a record well availability of over 97% across 3000+ online wells. Unplanned deferment rates have decreased by more than 70% compared to 2023, and pumping wells have reached a record mean time to failure of 1790 days. Operations and maintenance costs have been reduced by over 35% per well, enabling QGC to deliver additional wells under its backfill program while continuing to lower Unit Operating Costs. Secondary benefits include 200