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Santos secures new gas supply contract to Murrin Murrin

Santos today announced that it had secured a contract to supply natural gas to the Minara Resources’ Murrin Murrin nickel and cobalt project in Western Australia. The contract with Murrin Murrin Operations Pty Ltd will see Santos supply 14.8 PJ of gas to the project from the offshore Reindeer field in the Carnarvon Basin after…

Address by David Knox to Australian Institute of Company Directors

Santos CEO David Knox today addressed the Australian Institute of Company Directors in Brisbane. David spoke about the impact of Asian energy demand on the global LNG business, the role Queensland CSG can play in meeting that demand, the opportunities the industry will present and the challenges it faces in realising those opportunities. David also…

Opportunities and Challenges for Australian Gas

Santos Vice President Eastern Australia, James Baulderstone, this morning addressed the Australia Gas Conference in Sydney. James spoke about the opportunities for the Australian natural gas industry coming from the push for a less carbon intensive economy and increased Asian energy demand, Santos’ place in the global natural gas picture, and the challenges presented by…

Santos sells interest in Evans Shoal for up to US$350 million

Santos today announced that it has agreed to sell its entire working interest in NT/P 48 (Evans Shoal) in the Bonaparte Basin offshore northern Australia for up to US$350 million to a major international exploration and production company already operating in Australia. Santos will receive a cash consideration of US$250 million upon completion and a…

Demonstration at Santos pilot well site

Santos notes the presence of a protest group at a coal seam gas pilot well site near Spring Ridge, about 70kms south of Gunnedah in northern New South Wales. Santos is proposing to drill one pilot well and one water monitoring well on the site in coming weeks. The water results to be obtained from…

2011 Third Quarter Activities Report

Higher quarterly production and sales revenue Production of 12.7 million barrels of oil equivalent (mmboe) in the September quarter was 7% higher than the second quarter of 2011 and 2% lower than the corresponding period in 2010. Cooper Basin gas and oil production increased as field conditions continue to improve following adverse weather earlier in…

First oil from Chim Sao in Vietnam

Santos today announced that oil production has commenced from the Chim Sáo project in Vietnam. Chim Sáo was sanctioned in 2009 and is located in the Nam Con Son Basin, offshore southern Vietnam, within Block 12W. Chim Sáo has been delivered on schedule and under the sanctioned budget. Oil production will commence from six wells…

2011 Interim Dividend Reinvestment Plan (DRP)

On 19 August 2011 Santos announced a fully franked interim dividend of fifteen cents per share would be paid on 30 September 2011 to shareholders on record as at 30 August 2011. It also announced that the DRP would be in operation for this dividend and DRP shares would be issued at the arithmetic average…

Coal seam gas water to boost private farm output

Santos today officially launched a Queensland-first partnership between a coal seam gas (CSG) company and a private landholder which will demonstrate how CSG operations can not only co-exist with farming, but actually enhance farming production. Santos GLNG President Mark Macfarlane joined Mount Hope Station owners Leon and Ree Price to launch the start of the…

Community committee on coal seam gas

Australian energy company Santos will establish a community committee in the Upper Hunter Shire area as part of its ongoing coal seam gas (CSG) exploration in the area. The committee will serve as a conduit between the community and Santos, allowing the company to hear the community’s views and work together to allay any concerns,…

2011 Half Year Results Announcement

Santos lifts half year net profit by 155% to $504 million; Underlying net profit up 12% to $236 million Santos today announced a net profit of $504 million after tax for the half-year ended 30 June 2011, 155% higher than the previous first half. The 2011 headline result includes a $246 million profit after tax…

Appraisal drilling gets underway for Bonaparte LNG

Bonaparte LNG today announced that drilling had begun at the Petrel-7 appraisal well in NT/RL-1 in the Bonaparte Basin, in the Timor Sea. Results from the appraisal well, situated about 250 kilometres west of Darwin, will assist in the conceptual design and development of the proposed floating liquefaction project. Bonaparte LNG is a joint venture…

2011 Second Quarter Activities Report

Higher quarterly production as operations recover from wet weather Production of 11.9 million barrels of oil equivalent (mmboe) in the June quarter was 8% higher than the first quarter of 2011 and in line with the corresponding period in 2010. Following adverse weather conditions in the first quarter, Cooper Basin production operations and well construction…

Australian Government’s Climate Change Plan

Santos supports action on climate change and acknowledges the Prime Minister’s announcement today of the Australian Government’s Climate Change Plan as a significant step. The introduction of any carbon pricing policy must be well designed, providing permits to trade exposed industries, such as LNG, to maintain Australia’s competitiveness. The Government has recognised this in deciding…

Santos farms-in as operator to Carnarvon Basin permits

Santos today announced its acquisition of a 75% interest in the Carnarvon Basin permits WA-323-P and WA-330-P that host Winchester, a large prospect which has a geological setting similar to the recent Zola gas discovery. The farm-in agreement with Octanex N.L was conditional on various regulatory approvals including renewal of the permits, which have now…

Halyard-1 gas comes on line

Santos today announced that gas production had commenced from the Halyard-1 well, located in the Greater East Spar development area offshore Western Australia. Halyard gas will be produced via the East Spar pipeline and processed through the Varanus Island gas plant, which also processes Santos’ gas from the John Brookes field. Santos’ overall production and…

Evans Shoal divestment

Santos announced in March 2010 that it had agreed to sell its 40% working interest in NT/P 48 (Evans Shoal) in the Bonaparte Basin to Magellan Petroleum Australia Limited. Santos today announced that the sale transaction will not complete because the conditions to completion have not been satisfied by the 31 May 2011 deadline. Santos…

Prime Minister launches works on GLNG plant

Prime Minister Julia Gillard today officially launched works on the Santos GLNG liquefied natural gas plant on Curtis Island, signalling the start of a new economic boom for the region. Construction of the $16 billion project was officially launched in a ceremony attended by the Queensland Premier Anna Bligh and senior representatives of the project…

New scholarships add to Australia’s strength in resources and education exports

Australian energy company Santos, Korean energy company KOGAS, the Korean Ministry of Knowledge Economy and the University College London (UCL) have signed an agreement to provide 18 graduate scholarships over six years, underscoring Australia’s resources and energy expertise and adding to our education exports. The agreement, worth $3 million, will deliver 18 scholarships for a…

Santos discovers oil at Finucane South

Santos today announced an oil discovery at Finucane South in the Carnarvon Basin, offshore Western Australia. Well logs and wire line testing have confirmed a net oil column of 18 metres in excellent quality reservoir sands in the Angel Formation. The Finucane South oil discovery is located approximately 7 kilometres from the Fletcher oil field…

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