Santos Limited is pleased to announce the achievement of two significant milestones at the Bayu-Undan project with the flowing of first gas from the Bayu-Undan gas and liquids field. The project has successfully opened two wells for production as part of the commissioning and start-up procedures for the Wellhead Platform Number1. In addition, 1000 metric…
Santos Limited today announced plans for a further significant increase in gas supplies from the Moomba Plant following last weeks fire. The Company said that it is targeting to increase daily gas production to 450 terajoules within six to eight weeks under Stage 3 of the strategy to return gas supply at the Moomba Plant.…
Santos Limited announces that the John Brookes joint venture has further delineated the gas resource in the John Brookes field with the second appraisal well, Thomas Bright-2. The well has successfully appraised the southern area of the field with a significant 3.2-kilometre step-out from the first Thomas Bright-1 well, drilled in March 2003. A gross…
Moomba gas supply Santos Limited says it plans to move by tomorrow into the Stage Two of its restoration of gas supplies from the Moomba processing plant in central Australia, damaged by fire last Thursday. This will see approximately 150 terajoules per day delivered into the pipeline grid from tomorrow. The additional supplies will come…
Further to previous ASX announcements, Santos Ltd advises the following in relation to insurance arrangements and possible financial impacts. Insurance Arrangements Santos and its joint venture partners maintain insurance for Property Damage and Business Interruption to the Moomba facility. The insurance excess (or deductible) for property damage is A$1.5 million (Santos Share) and for business…
Santos Limited reports that overnight it successfully completed the first stage of recommencing gas supply from Moomba with supplies currently over 120 terajoules per day (TJ/d) from processed gas stored underground at Moomba. The second stage has now commenced, focussed on gas sourced from nearby gas fields and processed through those sections of the plant…
Further assessments were made overnight and this morning of the extent of damage to the Liquids Recovery Plant section of the Moomba Gas facility in centralAustralia which was damaged in a gas leak and fire early yesterday morning. Santos personnel were this morning able to commence more detailed visual checks of the fire damage. Santos…
Santos expects limited supplies of gas to be delivered tonight from Moomba into the gas pipeline grid. The gas to be supplied has been previously processed through the Moomba plant and stored in underground reservoirs during periods of low demand. Total volumes are expected to build to approximately 100 terajoules per day (TJ/d). This is…
At approximately 3.00 a.m. today, Thursday, 1 January, 2004, a gas leak and fire occurred in the Liquids Recovery Plant section of the Moomba Gas Plant in central Australia. No casualties or injuries resulted. Santos emergency services personnel extinguished the main fire this morning. The plant has been shut down in response to the incident…
Santos Limited and the other South Australian Cooper Basin Gas Producers (Producers) announce today that they have secured an extension of their existing long-term ethane supply contract with Qenos Pty Ltd.The extended contract means that Cooper Basin ethane supply to Qenos will continue to the beginning of 2010, with potential to further extend the contract.…
Further to an article that appeared in the Weekend Australian (6-7 December 2003), Santos Limited advises that the gross 2004 liquids production from the gas recycling project of 12 million barrels – as referred to in the article – is consistent with estimates already provided to the market by Santos over the past few months.…
Santos Limited and the other South West Queensland Gas Producers (Producers) have announced the addition of an important new customer for Cooper Basin gas.The Producers have signed a new long term contract with BHP Billiton Minerals Pty Limited for the supply of gas to its Cannington Mine in northwest Queensland. BHP Billiton has agreed to…
Santos Limited reports that preliminary wireline log analysis from the Kuda Tasi-2 appraisal well shows a 35 metre oil column.
Testing operations on the well, which is located in 03-01 PSC in the Joint Petroleum Development Area in the Timor Sea commenced on Friday 14 November 2003.
Santos Limited, on behalf of the VIC/P44 Joint Venture, announces that it has conducted a successful production test of the Casino-3 well in the offshore Otway Basin. The production test measured gas flow over the primary reservoir zone encountered in the Casino 3 well to confirm reservoir flow characteristics. The successful test means that Santos…
Santos Limited today reported that total sales revenue rose 2.2% to $1102 million in the nine months ended 30 September 2003 from $1078 million in the previous corresponding period. Total sales volumes in the third quarter of 2003 were steady at 15.3 million barrels of oil equivalent (mmboe) compared with the previous corresponding quarter. Total…
Santos Limited and its joint-venturers have given formal approval today for the development of the Mutineer-Exeter oil fields in the Carnarvon Basin, offshore Western Australia. Production from the fields is expected to commence in mid 2005, with initial production forecast to be at a daily rate of 70,000 to 80,000 barrels of oil per day…
Santos Limited, operator of the Vic/P 44 permit in the Otway Basin, announces that it has successfully concluded a new long-term gas contract with TXU Australia to supply gas from the Casino gas field. The contract is conditional on the results of the next Casino appraisal well, which is due to commence drilling next month.…
The Moonie Pipeline Company, a wholly owned subsidiary of Santos Limited, today pleaded guilty in the Queensland Magistrates Court to a charge under the Environmental Protection Act (Qld) 1994 arising out of the rupture of the Moonie to Brisbane oil pipeline and oil spill on 17 March 2003. Santos was fined $300,000 and no conviction…
Santos Limited will increase its interest in the Stag oil field and acquire new exploration acreage in the Carnarvon Basin through an agreement to acquire Globex Far East Pty Ltd (Globex) for US$15.8 million. Globex is a wholly owned subsidiary of the US based Marathon Oil Company (‘Marathon’). The effective date of the acquisition is…
Santos profit increases to $170 million before write-downs First half profit up 2.2% before write-downs Net profit down 16.6% after write-downs 6.4% rise in sales revenue to $716.0 million Cash flow increased 35.6% to $421.7 million 350 PJ of gas commercialised in new contracts Leverage reduced to 25.3% 15 cents per share interim dividend Strong…
Santos gas revenue up 15.5% to $193.5 million Santos Limited today reported that sales gas revenue in the June quarter rose 15.5% from $167.5 million to a record $193.5 million on sales volumes of 59.0 petajoules (PJ). A large component of the strong June quarter sales improvement came from the United States where Santos gas…
Santos builds its Western Australian business Santos Limited announced that it has acquired interests in three exploration licence areas in the offshore waters of Western Australia and will invest approximately A$4 million in new exploration. Santos has acquired a 100 per cent interest in offshore exploration permit WA-274-P in the Browse Basin, Western Australia from…
Santos Limited has today welcomed the South Australian Governments decision to protect the unique Coongie Lakes wetlands.The wetlands are located about 110 kilometres north of Moomba on the Cooper Creek floodplain in South Australia’s far northeast. The catalyst for todays decision was the historic agreement between Santos, which previously held the exploration rights to the…
Addressing the Annual General Meeting of Santos Ltd, the Chairman, Mr Stephen Gerlach, told shareholders that 2002 had been one of the most productive and exciting years in the Companys 49-year history. The Company: Achieved record production and sales, Established three new growth projects, Commercialised 620 petajoules of gas, Achieved savings in capital and operating…
Australian oil and gas company, Santos Limited, today reported its highest ever first quarter revenue. The record total sales revenue of $368.7 million for the three months to 31 March 2003, driven by higher gas sales and increased prices for all products, was 14.5% stronger than the $322.0 million for the previous corresponding period. The…
2002 Annual Report
Santos Limited today welcomed the ratification of the Timor Sea Treaty by the Australian Parliament. This is a further milestone in the future development of the liquefied natural gas (LNG) stage of the Bayu-Undan project. The Bayu-Undan gas and liquids field is located in the Timor Sea, 500 kilometres north west of Darwin. Santos, with…
Santos Limited (ASX: STO, NASDAQ: STOSY) today announced a net profit after tax and exploration write-offs of $322.1 million, or 51.2 cents per share, for the 12 months ended 31 December 2002. The Companys underlying operating profit remained strong at $392.3 million before $70.2 million of after-tax exploration write-offs ($449.7 million operating profit before write-offs…
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