Record first half sales revenue and free cash flow Delivered record first half sales revenue of US$3.8 billion, up 85 per cent, and record free cash flow of US$1.7 billion, up 199 per cent on the corresponding period Second quarter production of 25.5 million barrels of oil equivalent (mmboe) was slightly lower than the first…
Santos is continuing a proud legacy of supporting the national sport of Papua New Guinea and women’s empowerment through its naming rights sponsorship of the PNG Orchids, the national women’s rugby league team. The PNG Orchids through the PNG Rugby Football League (PNGRFL) Inc. received K1.8 million from Santos to back its World Cup Campaign…
Santos has released its 2021 Modern Slavery Statement.
Santos Managing Director and CEO, Kevin Gallagher, addressed the fourth Timor-Leste Energy and Mining Summit in Timor-Leste, today.
Local Queensland jobs and the economy are set to benefit from a Santos GLNG investment of AU$360 million (US$250 million) to drill and connect more than 130 new production wells in the Fairview gas field, north of Roma. Work will start in June with first gas in October this year. At peak production, the project…
Santos and its joint venture partner Beach Energy have committed to works in the Cooper Basin to boost gas supply to the domestic market. This program of works, which includes bringing a fifth drilling rig into the basin and optimising well connections, aims to deliver an additional 15 terajoules of gas per day by the…
Melbourne Mining Club address
Kevin Gallagher
Santos Managing Director and CEO, Kevin Gallagher, addressed the Melbourne Mining Club today.
Santos, Western Australia’s biggest domestic gas supplier, is pleased to announce it has entered into new gas supply agreements with Yara Pilbara Fertilisers Pty Ltd (Yara) to supply natural gas to Yara’s liquid ammonia plant on the Burrup Peninsula in Western Australia. Santos will supply over 120 petajoules of natural gas over five years, starting…
Santos President Midstream and Clean Fuels, Brett Woods, addressed the Australian Hydrogen Conference in Adelaide today.
Santos Managing Director & CEO, Kevin Gallagher addressed the APPEA Conference in Brisbane today.
Santos Chair Mr Keith Spence and Managing Director & CEO Mr Kevin Gallagher have addressed the 2022 Santos Annual General Meeting held Tuesday, 3 May 2022.
Santos today announced completion of the sale of a 12.5 per cent interest in the Barossa project to JERA following the completion of all regulatory approvals. Cash proceeds to Santos at completion were US$327 million. The Barossa gas and condensate project to backfill Darwin LNG was 33 per cent complete at the end of March…
Papua New Guinea’s successful landowner catering company, PNG Mining and Petroleum Hospitality Services (PNGMPHS) has joined partnership with Santos and the Fresh Produce Development Agency (FPDA) to continue to improve livelihoods through sustainable agriculture business opportunities. The PNGMPHS will help train communities in the Moran and Kutubu areas of the Southern Highlands to learn different…
Santos today announced a new capital management framework targeting higher shareholder returns and including an initial on-market share buyback of up to US$250 million. Santos’ strategy is to maintain a disciplined, low-cost operating model that is designed to deliver strong cash flows through the oil price cycle. The new capital management framework seeks to maintain…
Santos have donated almost 50 important petroleum geoscience books to the Division of Earth Sciences within the School of Natural and Physical Sciences at the University of Papua New Guinea, to enhance science, technology, engineering and mathematics (STEM) skills in the region. The books were presented to the Earth Sciences Division Associate Professor & Divisional…
Attached is a presentation on Santos’ 2022 Climate Change Report which will be used at an investor briefing today commencing at 10:00am AEDT.
The presentation should be read in conjunction with Santos’ 2022 Climate Change Report released to the ASX on 30 March 2022.
Today’s briefing will be webcast live on Santos’ website at www.santos.com
Santos today announced the Pavo-1 exploration well has confirmed a significant oil discovery 46 kilometres east of the Dorado field in the Bedout Sub-basin, offshore Western Australia. The well was drilled on the northern culmination of the greater Pavo structure and encountered a 60-metre gross hydrocarbon column in the primary Caley member reservoir target. Wireline…
The Santos 2022 Climate Change Report Investor Briefing will be held on Thursday, 31st March 2022 at 10:00am AEDT
The live webcast can be accessed by clicking here.
Santos has today donated $250,000 to volunteer organisations in both Queensland and New South Wales to support the ongoing flood relief work currently underway. Santos Managing Director and CEO, Kevin Gallagher, said Santos has a long history of supporting communities where the company operates, producing natural gas safely and sustainably, providing local jobs and business…
Santos, as operator of the Bayu-Undan offshore gas production facility in Timor-Leste and Darwin LNG, has today announced entry into the front-end engineering and design (FEED) phase for the proposed Bayu-Undan carbon capture and storage (CCS) project. The Bayu-Undan CCS project could potentially safely and permanently store up to 10 million tonnes of carbon dioxide…
In accordance with ASX Listing Rule 3.17A.2, Santos gives notice that a resolution requisitioned by shareholders under section 249N of the Corporations Act 2001 (Cth) and announced to the ASX on 11 February 2022 has been withdrawn by those shareholders. The resolution that has been withdrawn proposed an amendment to the Constitution which was duplicative…
The National Football Stadium (formerly Lloyd Robson Oval) known as the spiritual home of Papua New Guinea rugby league has been given a boost of K1.3 million with Santos now continuing the stadium naming rights sponsorship for 2022. Santos Executive Vice President and Co-Head PNG Leon Buskens said Santos is pleased to announce its partnership…
Santos, SK E&S, K-CCUS Association, CO2CRC and Korea Trade Insurance Corporation have signed a Memorandum of Understanding (MOU) to support and collaborate in the development of carbon dioxide (CO2) storage facilities. Through the agreement, the organisations agreed to jointly develop carbon capture and storage (CCS) projects in Australia and the region, including Bayu-Undan in Timor…
Santos has today joined the Papua New Guinea Government and P’nyang project participants (affiliates of ExxonMobil and JX Nippon) to execute a gas agreement that provides a clear framework for P’nyang’s future development. The signing of the gas agreement marks a major milestone for the project, setting out the fiscal framework and supporting project scoping…
The people of Hela Province now have access to 24-hour acute emergency care, with the new Accident and Emergency department opening at Hela Provincial Hospital today. Santos Managing Director and Chief Executive Officer, Kevin Gallagher, said partnering with communities where Santos operates ensures local people benefit from the development of natural gas resources. “In developing…
2021 Full-year results video
Santos reports record free cash flow and underlying earnings, and higher final dividend Full-year (US$m)20212020Change Production (mmboe)92.189.03% Sales volume (mmboe)104.2107.1-3% Product sales revenue4,7133,38739% EBITDAX [1]2,8051,89848% Underlying profit [1]946287230% Net profit/ (loss) after tax658(357)284% Free cash flow [1]1,504740103% Final dividend (UScps)8.55.070% Santos today announced its full-year results for 2021, reporting record free cash flow of US$1.5…
The community of Roma is set to benefit in more ways than one as the Santos Festival of Rugby comes to town in less than a fortnight. Santos Managing Director and Chief Executive Officer, Kevin Gallagher, said the event will not only bring the region together but deliver an injection of nearly $1 million through…
Trans Wonderland Limited Group and Pentagon Freight Services have formed a joint venture to support Santos’ PNG Operations. The joint venture (JV) known as PenTrans, is now set to deliver international freight forwarding, road transport and warehousing services to Santos after being awarded a 5-year contract on the eve of the Santos and Oil Search…
Record annual production, record sales revenue and record free cash flow Strong base business performance delivered record annual production of 92.1 million barrels of oil equivalent (mmboe), inclusive of 1.7 mmboe from the Oil Search assets from 11 December 2021 Stronger commodity prices and higher sales volumes delivered record quarterly sales revenue of US$1.5 billion,…
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