Annual Report 2009

Continuing to progress our growth strategy in 2009

LNG projects

GLNG signs gas sales agreement with project partner PETRONAS for up to three million tonnes per annum of LNG; submits Environmental Impact Statement to Queensland Government.
PNG LNG project formally approved.
Bonaparte LNG: proposed floating LNG processing facility in the Timor Sea.

Australia

Santos celebrates 40 years of natural gas delivery from Moomba processing plant in the Cooper Basin. The basin retains significant development potential.
Newly sanctioned projects offshore Victoria; Reindeer project offshore Western Australia well underway.
Acquisition of significant new acreage in Gunnedah Basin, NSW.

Asia

Indonesia firmly established in Santos’ base business. Continues incremental growth in producing assets.
Oyong Phase-2 project in Indonesia online. Delivered safely and ramped up to production within 20 days.
Chim Sáo, Santos’ first oil project in Vietnam, formally approved.