Santos’ Vice President Eastern Australia addressed the Eastern Australia Energy Markets Outlook 2013 conference in Sydney today. Mr Baulderstone’s presentation highlighted the fundamental importance of natural gas to NSW, explained the critical role of the export market in making new gas resources available to Australia and Asia, and outlined the need for NSW’s own gas…
Two of Australia’s leading LNG projects today signed gas swap and infrastructure connection agreements that provide flexibility and allow both proponents to realise capital and operational efficiencies. The new agreements between the Santos GLNG and Australia Pacific LNG projects will make gas transportation more efficient between the two projects’ Surat Basin gas fields in Queensland,…
Record quarterly sales revenue and strong progress on growth projects Santos today announced record sales revenue of over $1 billion for the third quarter of 2013. The record result was driven by the company’s highest oil production in six years, strong oil prices and higher third party sales volumes. Third quarter production of 13.4 million…
Presentation by Santos CFO Andrew Seaton to the 2013 CLSA Investors’ Forum in Hong Kong on 25 September 2013.
Santos Vice President WA&NT John Anderson today addressed SEAAOC (South East Asia Australia Offshore Conference) in Darwin, where he highlighted the importance of collaboration in achieving the next wave of Australia’s natural gas developments. Mr Anderson’s address, The LNG Opportunity for Australia, looked at the future for natural gas in the Asia Pacific region, the…
On 16 August 2013 Santos announced a fully franked interim dividend of fifteen cents per share would be paid on 30 September 2013 to shareholders on record as at 28 August 2013. It also announced that the DRP would be in operation for this dividend. DRP shares would be issued at the arithmetic average of…
Santos today announced the execution of binding agreements to participate in two prospective exploration permits in the Western Province of Papua New Guinea. The agreements with Talisman provide for Santos to acquire 30% interests in permits PPL 261 and PPL 426. Terms of the agreements are confidential. Talisman will remain operator of the permits. In…
Santos advises that Esso Highlands Limited, a subsidiary of Exxon Mobil Corporation and operator of the PNG LNG project, has confirmed that the project is more than 90% complete and on track for first LNG delivery in the second half of 2014. The operator has also confirmed that the estimated gross capital cost of the…
Santos’ Vice President Technical & Engineering, Diana Hoff, today addressed the Developing Unconventional Gas (DUG) Australia conference in Brisbane, where she spoke about the role of technology, innovation and expertise in unlocking Australia’s significant unconventional gas potential. The DUG Australia conference has brought together gas industry leaders from around the world to discuss how Australia…
Santos today announced the acquisition of a 50% interest in the Northwest Natuna Production Sharing Contract (PSC) offshore Indonesia from AWE Limited. The Northwest Natuna PSC contains the undeveloped Ande Ande Lumut oil field which has been independently assessed to contain estimated gross proved and probable (2P) reserves of approximately 100 million barrels of oil.…
2013 Half Year Report incorporating Appendix 4D
2013 Half Year Results Presentation
Santos reports 3% lift in first half profit to $271 million Santos today announced a first half net profit of $271 million after tax, 3% higher than the corresponding period. The headline result reflects record sales revenue driven by higher crude oil sales volumes and gas prices, impairment reversals and lower production costs, partially offset…
Growth projects on track; record first half sales revenue Santos today announced second quarter production of 12.4 million barrels of oil equivalent (mmboe), 2% higher than the first quarter of 2013. Gas production of 51.7 PJ (8.9 mmboe) was 6% lower than the corresponding period, with higher production from Darwin LNG offset by lower production…
Santos today announced a gas discovery at the Winchester-1 exploration well in WA-323-P, located in the Carnarvon Basin offshore Western Australia. Winchester is Santos’ fourth consecutive exploration gas discovery offshore Western Australia, following successes at Crown, Bassett West and Bianchi. Wireline logging and pressure testing has confirmed 40 metres of net gas pay in the…
Santos today announced a gas discovery at the Bianchi-1 well in Retention Lease WA-49-R, located in the Carnarvon Basin offshore Western Australia. Wireline logging and pressure testing has confirmed 112 metres of net gas pay between 4,748 metres and 5,343 metres in the primary target Triassic-aged Mungaroo formation. Preliminary wireline evaluation has highlighted good reservoir…
Santos today announced the execution of a binding agreement with Drillsearch Limited (Drillsearch) relating to a series of permits in South Australia and Queensland that will see Santos grow its significant portfolio of oil and gas assets in the region. Under the agreement with Drillsearch, Santos will farm-in to permits PEL106A and PEL513, located in…
Santos GLNG and QGC have today signed an agreement that supports plant operation flexibility and efficiency for the life of both LNG projects. The agreement links both projects’ major pipelines in two places – one on the western side of The Narrows Crossing near Mt Larcom in central Queensland, and one on Curtis Island. Santos…
A dome shaped LNG tank steel roof, weighing more than four Boeing 747s, has been raised almost 40 metres using little more than air, on Curtis Island today. This was a significant milestone for the Santos GLNG Project’s liquefied natural gas (LNG) plant, being built by downstream principal contractor Bechtel. Vice President GLNG Downstream Rod…
Address by Santos CEO and MD David Knox to the UBS Australian Resources and Energy Conference 13 July 2013
Santos Vice President Asia Pacific Martyn Eames today addressed the Asia Oil & Gas Conference in Kuala Lumpur. Mr Eames spoke about the development of unconventional gas resources in the Asia Pacific region, outlining the ingredients necessary for success, progress being made in Australia, and Santos’ application of its own experience in Australia to assist…
Santos today announced a gas discovery at the Bassett West-1 exploration well in WA-408-P, located in the Browse Basin offshore Western Australia. Bassett West-1 is located approximately 475 kilometres north-northeast of Broome and approximately 90km east-northeast of the Crown-1 discovery, made in the adjacent WA-274P permit by Santos in November last year. The water depth…
Construction of Santos GLNG’s two-train liquefaction plant and export facility on Curtis Island is proceeding to program with a series of significant milestones recorded this week. On Tuesday, 28 May, the first four of 111 prefabricated steel structures arrived at Curtis Island from Santos GLNG’s module yard in Batangas, Philippines for unloading at the site’s…
Santos today provided an update on Santos’ strategy and outlook in Western Australia, Northern Australia and Eastern Australia.
Santos has provided an update on the GLNG project.
Santos has confirmed that a leak at an operating oil well head in the Zeus field in the Cooper Basin in remote south-west Queensland was stopped yesterday afternoon. The leak involved the release of limited amounts of oil from the well head. The oil released has been contained within the well operational area. The impacted…
Santos today announced that oil production has commenced ahead of schedule and on budget from the $490 million Fletcher Finucane project in the Carnarvon Basin offshore Western Australia. The Fletcher Finucane development was sanctioned in January 2012 and consists of a three-well subsea tie-back to the existing Santos-operated Mutineer Exeter floating production, storage and offloading…
The Chairman’s and the CEO & Managing Director’s addresses to the 2013 Annual General Meeting held in Adelaide today.
Address by Santos CEO and MD David Knox to the Macquarie Australia Conference 1 May 2013
Santos has committed to a $100 million drilling and appraisal program over the next 12 months in the onshore Mereenie field in the Northern Territory. The Mereenie appraisal and development drilling program will target oil while also evaluating natural gas resources. If successful, Santos will consider a further drilling program. Santos has operated Mereenie, 250…
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