Growth projects on track; first quarter production impacted by planned shutdowns Santos today announced first quarter production of 12.1 million barrels of oil equivalent (mmboe), 2% lower than the first quarter of 2012. Gas production of 52.8 PJ (9.1 mmboe) was in line with the corresponding period, with higher Otway Basin production offset by lower…
Santos Vice President Eastern Australia James Baulderstone today addressed the Australian Domestic Gas Outlook 2013 conference in Sydney, where he spoke about the importance of natural gas to New South Wales’ ongoing economic prosperity. Mr Baulderstone said prospective natural gas supply shortages in NSW could be avoided by the timely and balanced development of the…
Santos has released its 2012 Annual and Sustainability Reports, and notice of its 2013 Annual General Meeting. The 2012 Annual Report details Santos’ performance and results for the 2012 calendar year, and outlines the company’s outlook and strategy. The 2012 Sustainability Report provides information on Santos’ management approach and sustainability performance for 2012 in the…
Santos notes today’s announcement from Standard & Poor’s (S&P) that Santos’ €1 billion hybrid issued in September 2010 will be reclassified as debt under revised S&P criteria. S&P previously classified the hybrid as equity. As a consequence, S&P has placed Santos’ BBB+ credit rating on CreditWatch with negative implications. Santos Chief Financial Officer Andrew Seaton…
On 22 February 2013 Santos announced a fully franked final dividend of fifteen cents per share would be paid on 28 March 2013 to shareholders on record as at 7 March 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 Vice President Eastern Australia, James Baulderstone, today addressed the CERAWeek conference in Houston, US. In his presentation Catching Australia’s Unconventional Gas Wave, Mr Baulderstone discussed Australia’s significant unconventional gas potential, the lessons Australia can learn from the US experience, and the need for infrastructure investment to provide sufficient access to the market. CERAWeek is…
Full year profit $519 million and underlying profit $606 million GLNG and PNG LNG on schedule and budget Santos today announced a net profit of $519 million after tax for the year ended 31 December2012. The previous year comparable profit of $753 million included gains on asset sales of$408 million after tax. The 2012 result…
Santos today announced that proved and probable (2P) hydrocarbon reserves increased to 1,406 million barrels of oil equivalent (mmboe) as at the end of 2012. This represents a 2P reserves replacement ratio of 180% and provides a reserves life of 27 years based on 2012 production of 52.1 mmboe. 2012 continued Santos’ consistent track record…
2012 Full Year Report incorporating Appendix 4E
2012 Full Year Results Presentation
Santos today announced the appointment of Rod Duke to the position of Vice President Downstream GLNG. In his position, Mr Duke will be responsible for the delivery of the GLNG gas transmission pipeline and LNG plant and will report directly to Santos Chief Executive Officer David Knox. Mr Duke will work closely with Santos Vice…
2012 production up 10%, record quarterly and annual sales revenue Santos today announced a 10% lift in annual production to 52.1 million barrels of oil equivalent (mmboe) and record quarterly and annual sales revenue. December quarter production of 13.2 mmboe was 13% higher than the corresponding quarter and sales revenue for the quarter was up…
Santos today announced the execution of a farm-in agreement in the McArthur Basin prospective shale gas and oil resource in the Northern Territory. The farm-in agreement with Tamboran Resources Pty Ltd provides for Santos to earn up to 75% in Exploration Permits 161, 162 and 189 and 299 (A), covering approximately 25,000 square kilometres. Under…
Santos this morning delivered its 2012 investor presentation in Sydney.
Santos today announced a significant gas discovery at the Crown-1 exploration well in WA-274-P, located in the Browse Basin offshore Western Australia. The Crown-1 well is located approximately 500 kilometres north of Broome, approximately 60 kilometres west of the Ichthys field and 20 kilometres east of the Poseidon field. The water depth at location is…
Santos CEO David Knox this morning delivered the keynote address to the 2012 Australian Institute of Energy Conference in Sydney. Mr Knox spoke about the US and the changes occurring in their energy economy, the energy challenge facing our region and the pivotal role that gas is playing in addressing it, and what Australia can…
Vice President Eastern Australia James Baulderstone today gave a presentation on Cooper Basin Unconventional Gas Opportunities and Commercialisation.
He discussed the result from Moomba-191, Santos’ first dedicated shale well, as well as the two-year commercialisation plan targeting Moomba REM shale and the Nappamerri Trough.
Santos advises that Esso Highlands Limited, a subsidiary of Exxon Mobil Corporation and operator of the PNG LNG Project, has just completed and provided to co-venturers a cost and schedule review for the Project. Key aspects of the cost and schedule review include: the Project is 70% complete and on track for first LNG in…
Santos today announced the appointment of Hock Goh to its Board of Directors, effective immediately. Mr Goh, 57, has extensive experience in the oil and gas industry in Asia. During a 25-year career with Schlumberger, a leading oilfield services company, Mr Goh held senior positions in Asia, the Middle East and Europe, including President of…
Santos today marked a historic milestone for the Australian resources industry, announcing it has commenced commercial natural gas production from its Moomba-191 shale well in the Cooper Basin. The Moomba-191 shale well is flowing natural gas at a stabilised rate of 2.7 mmscf/d from the Roseneath, Epsilon and Murteree shale targets. Santos initially announced success…
Third quarter production up 6% and record quarterly sales revenue Santos today announced a 6% lift in third quarter production to 13.5 million barrels of oil equivalent (mmboe) and record quarterly sales revenue of $851 million Quarterly crude oil production of 2.6 million barrels was the highest in four years and 6% above the previous…
UK Roadshow Investor Presentation – October 2012
Santos today announced the execution of a farm-in agreement across permits in the Amadeus and Pedirka Basins in the Northern Territory. The farm-in agreement with Central Petroleum Limited (Central) is conditional on various regulatory approvals, including renewal or extension of the permits. The terms of the agreement are as follows: Santos will earn up to…
Santos Vice President Martyn Eames addressed SEAAOC (South East Asia Australia Offshore Conference) in Darwin this morning. Martyn’s presentation, Asia’s Energy Security – The Role of Gas, covered the energy challenge playing out in the Asia Pacific region, the role that gas is playing in addressing that challenge and contributing to a new era of…
2012 Half Year Report incorporating Appendix 4D
2012 Half Year Results Presentation
Santos reports $262 million net profit for the first half of 2012 Santos today announced a net profit of $262 million after tax for the half-year ended 30 June 2012. The headline half-year result is lower than the corresponding period which included gains on asset sales of $246 million. Underlying net profit of $283 million…
Second quarter production up 9% and sales revenue up 18% Santos today announced a 9% lift in second quarter production to 13 million barrels of oil equivalent (mmboe). Quarterly crude oil production of 2.4 million barrels was the highest in four years and 46% above the corresponding period due to production from Chim Sáo in…
GLNG brings forward US$2.5 billion of upstream capital expenditure GLNG capex is US$18.5 billion Project is on track for first LNG in 2015 Santos today announced that US$2.5 billion of GLNG upstream capital expenditure will be brought forward from the post-2015 period. The revised estimated capital cost is US$18.5 billion to the end of 2015.…
GLNG project update presentation
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