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Santos GLNG helps bring 4G phone and broadband to the Arcadia Valley

Patchy phone service and slow internet speeds should be a thing of the past for residents of the Arcadia Valley in Queensland’s Central Highlands with Telstra installing two new 4G mobile base stations, paid for by Santos and our GLNG partners. The first site at Castle Hill is now on air, with a second base…

Santos rolls out renewable energy in the Cooper Basin

Santos will reduce its production emissions with an Australian-first rollout of 100 per cent renewable energy to power its oil well operations in the remote Cooper Basin in South Australia and Queensland, following a grant from the Australian Renewable Energy Agency (ARENA). The project to convert beam pumps on oil wells to solar and batteries…

Santos awards new scholarship to build PNG resources capability

Santos today announced that Kumul Petroleum Holdings Ltd geologist Ivano Ivano from Port Moresby is the recipient of a scholarship to study a Masters degree in Petroleum Geoscience at the University of Adelaide in 2019, followed by three months operational training with Santos. The scholarship is part of a new partnership between Santos and the…

Bayu Undan infill program completed under budget and ahead of schedule

Santos today announced first gas from the third and final well of the Bayu Undan infill well program, and delivery of the whole project under budget and ahead of schedule. A final investment decision was made in January last year as part of the long-term development plan for the Bayu Undan gas/condensate project, located in…

Santos completes acquisition of Quadrant Energy

Santos today announced that it has completed the acquisition of Quadrant Energy (Quadrant). The effective date of the transaction is 1 January 2018. On completion Santos paid an amount of US$1.93 billion, comprising the purchase price of US$2.15 billion less completion adjustments and cash acquired. The completion amount was fully funded from Santos’ existing cash…

ACCC clears way for Quadrant Energy acquisition

Santos announced on 22 August 2018 the proposed acquisition of 100% of Quadrant Energy (Quadrant) for US$2.15 billion plus potential contingent payments. Santos today advised that the condition precedent for completion of the acquisition of Quadrant has been satisfied with the ACCC decision not to oppose the acquisition. Completion is expected to occur within weeks.…

Santos Shell JV wins new Queensland domestic gas acreage

Santos is pleased to have been appointed as preferred tenderer to explore new acreage in Queensland’s key gas-producing Surat and Bowen Basins, in a 50-50 joint venture with Shell. Santos is the designated operator and is delighted to be working in partnership with Shell to explore this exciting acreage. The PLR201718-2-5 licence covers approximately 400…

2018 Third Quarter Activities Report

Santos Managing Director and Chief Executive Officer Kevin Gallagher said: “Santos’ third quarter results serve to highlight the benefits of a cash generative core asset portfolio and our low-cost, disciplined Operating Model. During the quarter we paid our first dividend in two and a half years and achieved our net debt target of $2 billion…

Santos targets production of more than 100 mmboe by 2025

Santos today outlined its plans to grow production to more than 100 million barrels of oil equivalent (mmboe) by 2025, almost doubling current levels of production. Speaking at the company’s Investor Day in Sydney, Santos Managing Director and Chief Executive Officer Kevin Gallagher said the successful delivery of the Transform-Build-Grow strategy presented to the market…

Santos signs new long term domestic gas supply deal with Brickworks

Santos is pleased to announce that it has signed a new long term natural gas supply agreement with Brickworks Limited for its east coast operations through to the end of 2024. This new supply agreement will provide Brickworks’ east coast operations with a flexible source of natural gas at competitive, stable, long term prices. The…

Santos signs new gas supply deal with Visy

Santos is pleased to announce it has entered into a new gas supply agreement with Visy to supply wholesale gas for its New South Wales operations. The agreement starts on 1 January 2019 and was awarded following a competitive process. “The new gas supply agreement with Santos provides certainty of gas supply in 2019 for…

Santos completes sale of non-core Asian assets

Santos announced in May 2018 the sale of its non-core Asian portfolio to Ophir Energy plc. Santos today advised completion of the sale of the producing assets has occurred.1 Santos has received cash proceeds of US$144 million at completion, which represents the sale price of US$221 million after standard adjustments including net free cash flows…

Santos announces acquisition of Quadrant Energy

Santos Managing Director and Chief Executive Officer Kevin Gallagher said Santos has enjoyed a long-established relationship with Quadrant which has operated its WA natural gas assets for many years developing a well-deserved reputation as a safe, high reliability and low cost operator. “This acquisition delivers increased ownership and operatorship of a high quality portfolio of…

PNG LNG signs mid-term sales agreement with BP Singapore

Santos advises that the PNG LNG Project co-venturers have entered into a mid-term LNG sale and purchase agreement (SPA) with BP Singapore Pte. Limited (BPS), for the supply of LNG commencing in August 2018. The mid-term SPA is for supply of approximately 0.45 million tonnes of liquefied natural gas (LNG) per annum (mtpa) for the…

Barikewa-3 confirms significant natural gas resource in PNG

Santos today announced the Barikewa-3 well, located in Papua New Guinea’s onshore Forelands region, intersected 25 metres of net gas pay within the Toro and Hedinia reservoir objectives. Reservoir quality exceeded pre-drill expectations and the appraisal well successfully intersected a gas-water contact in the Hedinia. A drill-stem test was carried out across the Toro interval…

PNG LNG signs mid-term sales agreement with PetroChina

Santos advises that the PNG LNG Project co-venturers have entered into a mid-term LNG sale and purchase agreement (SPA) with PetroChina International (Hong Kong) Corporation Limited (PCI), for the supply of LNG commencing in July 2018. The mid-term SPA is for supply of approximately 0.45 million tonnes of liquefied natural gas (LNG) per annum (mtpa)…

2018 Second Quarter Activities Report

Santos Managing Director and Chief Executive Officer Kevin Gallagher said: “Santos’ strategy has been to establish a low cost operating model that is designed to deliver strong cash flows through the oil price cycle.” “Our second quarter results demonstrate the strength of our diversified portfolio of core assets underpinned by a disciplined operating model and…

Young Indigenous students get a taste of engineering

Young Indigenous students from across Australia are this week benefitting from an interactive engineering camp in Adelaide, as part of a partnership between Santos and the University of Adelaide. A total of 29 students, including 18 female students – from Queensland, the Northern Territory, Western Australia and South Australia – are taking part in the…

Santos announces sustainable dividend policy

In line with Santos’ stated purpose to provide sustainable returns to our shareholders, the Board has approved a new Dividend Policy. Santos will look to pay ordinary dividends that are sustainable through the oil price cycle and will target a range of 10% to 30% payout of free cash flow1 generated per annum. Furthermore, given…

Barossa project awards FEED contracts

Santos today announced further progress on the front end engineering and design (FEED) phase of the Barossa offshore project with the award of three major engineering contracts. Santos Managing Director and Chief Executive Officer, Mr Kevin Gallagher said “These contracts reaffirm Barossa’s position as the leading candidate for Darwin LNG backfill, with no alternative projects…

Santos commits to Aboriginal Power Cup for another 3 years

On the tenth anniversary of sponsoring the Aboriginal Power Cup, Santos has committed to continue its support for this important initiative for another three years. The Aboriginal Power Cup is achieving outstanding results that are directly linked to the “Close the Gap” target of year 12 attainment. The Aboriginal Power Cup is the Port Adelaide…

Santos welcomes 200th LNG cargo from GLNG

The GLNG project, in which Santos has a 30 per cent interest, has reached a major milestone, shipping its 200th LNG cargo from Curtis Island near Gladstone to Korea in northeast Asia. The vessel, YK Sovereign, docked at the Incheon terminal on Monday this week. Santos CEO Kevin Gallagher said the natural gas industry is…

Santos creates a pathway for Indigenous engineers

Santos has partnered with the University of Adelaide to offer a national Indigenous program that promotes the benefits of a career in engineering. As part of the program, Santos and the University of Adelaide have established the Santos Karnkanthi Indigenous Engineering School, which will provide Aboriginal or Torres Strait Islander students in years 11 or…

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