Exploration Program
Well/Prospect | Basin/Area | Target | Indicative prospect upside resource potential (mmboe) unrisked | Santos interest % | Quarter drilling expected to commence |
|---|
| Peluang 1 |
East Java / Indonesia |
Gas |
0-50 |
67.5 |
Q1 09 |
| Ha Mai 1 |
Song Hong / Vietnam |
Gas |
0-50 |
55.0 |
Q2 09 |
| North Azar 1 |
Fergana / Kyrgystan |
Oil |
0-50 |
70.0 |
Q2 09 |
| East Chongara 1 |
Fergana / Kyrgystan |
Oil |
0-50 |
70.0 |
Q2 09 |
| Burnside 1 |
Browse / Australia |
Gas |
100-500 |
47.8 |
Q3 09 |
|
The 2009 exploration portfolio is constantly being optimised therefore the above program may vary as a result of drilling outcomes, new prospects maturing and rig availability.
Visit Santos’ Current Well Information page for the latest data on the company’s drilling activities.
Santos' Approach to Exploration
In exploration, our 2009 plan of $180 million is focused on a stronger, balanced, moderate risk, material exploration program in Australia and Asia.
The Santos strategy of focusing on Gladstone LNG benefits from strong government support, industry leading reserves and a proven track record of coal seam gas production.
The increases in the company’s investment program necessary to execute the strategy will be funded from cash flow and portfolio rationalisation. Importantly, we have received strong preliminary interest from potential partners in relation to Gladstone LNG, and are evaluating the merits of introducing a suitable joint venture partner.