Media enquiriesMatthew Doman+61 8 8116 5260 / +61 (0) 421 888 858 matthew.doman@santos.com Santos will again join communities, business and governments in switching off the lights for one hour at 8.30pm tomorrow in support of the World Wildlife Foundation’s Earth Hour initiative to raise awareness on climate change. Santos Chief Executive Officer David Knox congratulated…
2008 Annual Report
Santos today announced that Apache as operator of the Reindeer Project Joint Venture has signed a contract with Clough Projects Australia for the Engineering, Procurement and Fabrication of the onshore gas plant at Devil Creek near Dampier in Western Australia. The signing of this contract satisfies the condition precedent contained in the Gas Sales Agreement…
Queensland Premier Anna Bligh today officially opened Santos’ new Gladstone office, the regional base for the world’s first major Coal Seam Gas (CSG) to Liquefied Natural Gas (LNG) project. Santos Chief Executive Officer David Knox said the new office was yet another illustration of Santos’ commitment to the Gladstone region, and its leadership position in…
2008 Full Year Results Presentation
Underlying profit up 42% to $572 million for 2008 PETRONAS partnership leads to record $1.7 billion net profit Good progress on LNG growth strategy Strong balance sheet: $1.6 billion of cash and 10% gearing Santos today announced a strong uplift in underlying net profit of 42% to $572 million after tax for the year ended…
Media enquiriesMatthew Doman+61 8 8116 5260 / +61 (0) 421 888 858matthew.doman@santos.com
Santos Chief Executive Officer David Knox, on behalf of all Santos employees, today offered condolences to the families of the victims of the Victorian bushfires.
Santos will donate $500,000 to the 2009 Victorian Bushfire Appeal Fund.
Santos today announced an increase in its year-end proved and probable (2P) oil and gas reserves of 134 million barrels of oil equivalent (mmboe), taking the company’s total proved and probable reserves past the 1 billion barrel mark. This significant increase in 2008 was driven by a substantial boost in Santos’ coal seam gas reserves…
Production in line with 2008 guidance 2008 production of 54.4 mmboe was within the Company’s guidance range. December quarter production of 13.6 mmboe improved by 3% compared to the September quarter following the reinstatement of production from John Brookes in September. 2008 Cooper Oil production increased by 19% compared to the previous year, even though…
One of Australia’s leading oil and gas companies, Santos Limited, has announced a new Queensland office for up to 600 employees as it gears up to deliver the world’s first major Coal Seam Gas (CSG) to Liquefied Natural Gas (LNG) project. Vice President of Gladstone LNGTM (GLNGTM) and Queensland Rick Wilkinson and CEO of GLNG…
Santos today announced it had signed a new contract to supply natural gas to CITIC Pacific’s Sino Iron project, a world scale magnetite mining project in Western Australia. The gas would be supplied from the Reindeer gas project offshore Western Australia through a new 105 kilometre offshore pipeline and a new onshore sales gas processing…
Santos and Petronas today announced the appointment of Bechtel, a world leader in the construction of LNG plants, as the Front End Engineering Design (FEED) contractor for the downstream components of Gladstone LNG™ (GLNG™). The GLNG™ project involves the construction of an initial nominal 3.5 million tonne per annum LNG liquefaction plant utilising the ConocoPhillips…
The Board of Santos Limited is pleased to advise that Peter Coates has been appointed Deputy Chairman of the Company. Santos’ Chairman, Stephen Gerlach, said the appointment of Mr Coates to this role was part of the Company’s Board renewal process. “Mr Coates has brought a wealth of international corporate and commercial experience to the…
Santos Brantas Pty Ltd has agreed to transfer its 18% minority interest in the Brantas Production Sharing Contract (Brantas PSC) in Indonesia to Minarak Labuan Co (L) Ltd (Minarak), a company associated with the operator and majority owner of the project, Lapindo Brantas Inc (Lapindo). The transfer has been approved by BPMIGAS, the relevant regulatory…
Santos notes media speculation in relation to its 18% interest in the Brantas Production Sharing Contract in Indonesia. Santos can confirm that discussions are underway with the operator, Lapindo Brantas Inc, regarding a practical and appropriate resolution of Santos’ involvement in the PSC as a minority participant with no operating or controlling rights. These discussions…
Santos today announced that the Reindeer Project Joint Venture has decided to defer the development of the Reindeer offshore gas development and the onshore processing facilities to be located at Devil Creek in Western Australia. The decision was made due to adverse changes in the global economic outlook that have impacted the proposed foundation gas…
Santos today announced the appointment of Ray Betros to the newly created position of Executive Vice President Technical. In his new role, which reports directly to Santos Chief Executive Officer David Knox, Mr Betros will be responsible for driving technical excellence and performance throughout Santos. Mr Betros will commence with Santos in early January. Mr…
Production reinstated at John Brookes September quarter production of 13.2 mmboe was 5% lower than the June quarter of 2008. Following the Varanus Island incident in June, initial production from John Brookes. Recommenced in early August with full production reinstated by early September. Cooper Oil production up 33% compared to the September quarter of 2007.…
Media enquiries Investor enquiriesMatthew Doman Andrew Nairn+61 8 8116 5260 / +61 (0) 421 888 858 +61 8 8116 5314 / +61 (0) 437 166 497matthew.doman@santos.com andrew.nairn@santos.com Santos today announced that it had secured a new gas supply contract with Moly Metals Australia Pty Ltd for their Spinifex Ridge molybdenum and copper mine located in…
Santos today announced the successful completion of its off-market share buy-back of $300 million. The outcomes of the buy-back are as follows: Size $300 million Market Price $18.8724 Buy-back discount 14% Buy-back price $16.23 Capital component $2.98 Fully franked dividend component $13.25 Tax Value $16.42 Shares bought back 18.5 million Percentage of issued ordinary capital…
Santos today announced that it is currently in discussions with the Australian Taxation Office (‘ATO’) to vary the methodology for calculating the Tax Value for the purpose of its off-market share buy-back (‘Buy-Back’). Since the announcement of the Buy-Back, Santos shares have significantly outperformed the S&P/ASX 200 Energy Index, which is currently the adjusting index…
Media enquiries Matthew Doman +61 8 8116 5260 / +61 (0) 421 888 858 matthew.doman@santos.com The Hon Kevin Rudd MP today became the first Australian Prime Minister to visit the Moomba gas processing plant in the Cooper Basin – one of Australia’s largest onshore resources projects and the site of Santos’ proposed Moomba Carbon Storage…
Santos today announced that its subsidiary, Santos Offshore Pty Ltd, had purchased a 100% interest in the WA-4-R permit which contains the majority of the undeveloped Spar gas field. Spar is located in the Carnarvon Basin, offshore Western Australia. The field extends into WA-13-L in which Santos also has a 45% interest. The field is…
Media enquiries Investor enquiriesMatthew Doman Andrew Nairn+61 8 8116 5260 / +61 (0) 421 888 858 +61 8 8116 5314 / +61 (0) 437 166 497matthew.doman@santos.com andrew.nairn@santos.com Santos notes the article published in this morning’s Australian Financial Review containing speculation regarding its exposure to Sidoarjo mudflow incident in East Java. Santos rejects any suggestion that…
On 21 August 2008 Santos announced that a fully franked interim dividend of twenty two cents per share would be paid on 30 September 2008 to shareholders on record as at 2 September 2008. It also announced that the DRP would be in operation for this dividend and DRP shares would be issued at the…
Media enquiriesMatthew Doman+61 8 8116 5260 / +61 (0) 421 888 858matthew.doman@santos.com Santos has been contacted by several of its Auto LPG customers who have reported that some loads of Auto LPG (a propane/butane mix) supplied from our Port Bonython plant were contaminated with water. A number of service stations have ceased sales of LPG…
Media enquiries Investor enquiriesMatthew Doman Andrew Nairn+61 8 8116 5260 / +61 (0) 421 888 858 +61 8 8116 5314 / +61 (0) 437 166 497matthew.doman@santos.com andrew.nairn@santos.com Santos today announced a proposal to construct a nominal 500 MW power station near Orford in western Victoria. The proposed move into power generation reflects Santos’ recognition that…
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