On 16 June 2001 an explosion and fire occurred in the Liquids Pumping Station at the Moomba Gas Plant operated by Santos Ltd. on behalf of the South Australian Cooper Basin Producers. Four workers were involved and one has since passed away. The other three workers did not require hospitalisation. Santos Managing Director, Mr John…
Santos Limited, as operator for WA-264-P, announces a successful oil exploration well in the Carnarvon Basin, offshore Western Australia. Corowa-1 flowed 839 cubic metres of oil per day (5,276 barrels) through a 19 mm (3/4“) surface choke at a flowing well head pressure of 880 psia from the interval 1549 — 1560 m in a…
Santos Limited announced today the appointment of Ms Kathleen (Kathy) Hogenson as the General Manager and President of its USA subsidiary (Santos USA Corp). In this position, Kathy will be responsible for the growth strategy of Santos’ USA activities including the evaluation/development of, and further exploration arising from, the 2000 discoveries at Ashland Deep (Runnells)…
Woodside Energy Ltd., the Operator of the Legendre Venture in which Santos has a 22.56% interest, reported on 18 May 2001 that initial oil production from the Ocean Legend production facility commenced on 17 May 2001 from the first well. Production is predicted to steadily increase over the next couple of months to a maximum…
Santos Limited, as Operator for PEP 154 is pleased to announce its fifth gas discovery in the Victorian section of the Otway Basin in 2001. The exploration wildcat well Naylor 1 has intersected a potential 84 metre gross gas column in the Cretaceous Waarre Sandstone over the interval 2028 metres to 2112 metres. Wireline logs…
Esenjay Exploration Inc., the Operator of the Runnells-5 well in which Santos USA Corp. has a 30% interest, reported that the Runnells-5 well has logged approximately 100 feet of net natural gas pay. The well is a delineation well in an apparent separate fault block from the Runnells-3 discovery, a significant deep geopressured Frio discovery…
Santos says it is aiming to lift its performance to equal that of the top 25% of world oil and gas companies by the end of 2003. In presenting the outcome of a three-month strategy review, Santos’ Managing Director John Ellice-Flint said, “Santos’ performance has been around the middle of the pack over the last…
Santos Limited, as Operator for PEP 154 is pleased to announce its fourth new field discovery in the Victorian section of the Otway Basin in 2001. The exploration wildcat well Lavers 1 has intersected an 11 metre gross gas column in the Cretaceous Waarre Sandstone over the interval 1542 metres to 1553 metres. Wireline logs…
First Quarter Highlights The following results were achieved compared with the 2000 first quarter: Sales of gas and ethane increased to a new first quarter record of 50 petajoules. Gas and ethane production increased by 0.8% to 51.7 petajoules. Crude oil production fell by 0.7 million barrels, mainly due to shut-ins, with sales also impacted…
Santos Limited, as Operator for PEP 154 is pleased to announce its third new field discovery in the Victorian section of the Otway Basin in 2001. The exploration wildcat well Croft 1 has intersected a 60 metres gross gas column in the Cretaceous Waarre Sandstone over the interval 2025 metres to 2085 metres. Wireline logs…
Santos Limited has entered into agreements with Natural Gas Australia Limited (“NGA”), which will enable it to obtain up to a 40% economic interest in the substantial Evans Shoal gas field in the Timor Sea. The field contains estimated recoverable dry gas of approximately 6.6 trillion cubic feet (TCF) and is one of four major…
Santos Limited today announced that it has discovered a new gas field in the Western District of Victoria, approximately 15 km north west of Port Campbell. The exploration well, Tregony 1, has the longest gas column Santos has encountered in the onshore Otway Basin to date. Based on analogies with existing wells in the immediate…
In response to media reports, Santos Limited states that it has approached both Shell Australia Investments Limited and Woodside Petroleum Limited to discuss alternatives to Shell’s Revised Merger Proposal. Santos has raised the possibility that it may be able to play a part in achieving an outcome that would be mutually beneficial for the shareholders…
2000 Annual Report
Santos Record Full Year Profit Of $487 Million Net profit after tax up 122% to $487 million. Earnings per share a record 80 cents. Final dividend of 25 cents per share comprising a 15 cent ordinary dividend and a 10 cent per share special dividend, both fully franked. Total dividends of 40 cents for 2000,…
Santos Ltd, as Operator for the PPL 9 Joint Venture Parties, announces the discovery of a new oil discovery in the South Australian section of the Cooper/Eromanga Basins. The Moomba 136 exploration well has reached a total depth of 2179m after penetrating a 10.4m oil column in the Jurassic Hutton Sandstone. A drill stem test…
Santos Ltd, as Operator for the South West Queensland Unit, announces a deeper pool gas discovery in the Roti field in the Queensland sector of the Cooper/Eromanga Basins. The exploration well, Roti 2, has flowed gas and associated condensate at rates of 113,300 cubic metres per day (4.0 million cubic feet per day) and 36…
Santos Ltd, as Operator for the South West Queensland Unit, announces a successful gas exploration well in the Queensland sector of the Cooper/Eromanga Basins. The exploration well, Roti 2, flowed gas at rates of 189,700 cubic metres per day (6.7 million cubic feet per day) and condensate of 76 kilolitres per day (480 barrels per…
The Santos Group, as Operator for PEP 154 announces the discovery of a new gas field in the Victorian section of the Otway Basin. The exploration wildcat well McIntee 1 has intersected a 16.5m net gas column in the Cretaceous Waarre Sandstone over the interval 1539.5m to 1556m. The McIntee 1 well is located 10km…
Santos Ltd, as Operator for the South West Queensland Unit, announces a successful gas exploration well in the Queensland sector of the Cooper/Eromanga Basins. The exploration well, Raworth 1, flowed gas at 145,000 cubic metres per day (5.1 million cubic feet per day) from reservoir sands in the Permian Patchawarra Formation over the interval 2053m…
Santos Ltd, as Operator for the South West Queensland Unit, announces a successful new pool gas discovery well in the Queensland sector of the Cooper/Eromanga Basins. The development well, Challum 19, flowed gas at 212,380 cubic metres per day (7.5 million cubic feet per day) through a 13mm (0.5″) surface choke from a Pre-Permian carbonate…
Fourth Quarter Highlights The following results were achieved compared with the 1999 fourth quarter: Sales revenue increased by 37.5% to a record $393.9 million. Sales volume increased by 9.7% to 13.5 million boe. Production volume increased by 9.8% to 13.4 million boe. The realised oil price received averaged US$29.90 (A$50.30) per barrel [1999: US$24.06 (A$37.45)…
Santos Ltd, as Operator for the South West Queensland Unit, announces a successful gas exploration well in the Queensland sector of the Cooper/Eromanga Basins. The exploration well, Coonaberry 1, flowed gas at 206,700 cubic metres per day (7.3 million cubic feet per day) from reservoir sands in the Permian Toolachee Formation over the interval 2722m…
Third Quarter Highlights The following results were achieved compared with the 1999 third quarter: Sales revenue increased by 59.4% to $390.8 million (quarterly record) Sales volume increased by 18.5% to 14.7 million boe (quarterly record) Production volume increased by 15.7% to 14.9 million boe (quarterly record) The oil price received averaged US$29.73 (A$48.40) per barrel…
Pursuant to Listing Rule 3.16.1, and confirmatory of advice provided to the Australian Stock Exchange on 13 March 2000, Mr Norman Ross Adler A.O. will retire as Managing Director and as a Director of Santos Ltd, effective 30 September 2000. Pending the appointment of Mr Adlers successor, which appointment is expected to be announced shortly,…
First half performance highlights:Record earnings of $207 million, up 148%. Earnings per share up 147% to a record 34 cents. Operating cash flow up 80% to $440 million. Gearing (net debt to equity) down to 64.5% notwithstanding significant acquisition activity. Santos today announced a record after tax profit for the 2000 first half of $207.0…
Second Quarter Highlights The following results were achieved compared with the 1999 second quarter: Sales revenue increased by 63.1% to $376.8 million (quarterly record) Production volume increased by 17.8% to 14.2 million boe (quarterly record) Sales volume increased by 14.1% to 14.6 million boe (quarterly record) The oil price received averaged US$26.53 (A$44.33) per barrel…
Santos Ltd today announced that it will sell up to 120 petajoules of natural gas to Queensland power generator, CS Energy Ltd, over a 10 to 15 year period. This will facilitate investment of over $300 million in gas-fired generation capacity and infrastructure development in Queensland. Gas sourced from Santos 100% owned Scotia field in…
The Board of Santos Ltd is pleased to announce that Mr. Stephen Gerlach has been appointed Deputy Chairman of the Board. This appointment follows the announcement made on 5 May 2000, by Mr. John Uhrig AC that he would be retiring as Chairman of the Board at the conclusion of the Companys Annual General Meeting…
The Santos Group advises that Chevron Niugini Limited has farmed-in to the PPL 206 permit in Papua New Guinea to acquire an interest of 40%. This permit, which is operated by the Santos Group, is located in the PNG foreland, immediately to the south of the Kutubu oil field. The major lead in the permit…
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