Santos today provided an update on the measures it is taking in response to COVID-19 and the current lower oil price environment. COVID-19 response Santos Managing Director and Chief Executive Officer Kevin Gallagher said Santos is committed to supporting government and community efforts to limit the spread of the virus, and supporting business continuity. “We…
Santos today announced it had agreed to sell a 25% interest in Darwin LNG and Bayu-Undan to SK E&S for US$390 million with effect from 1 October 2019 with customary adjustments on completion.[1] Santos also receives the benefit of approximately US$120 million of cash flow relating to the interests from 1 January 2019 to 1…
Santos is pleased to announce the referral of the Narrabri Gas Project (NGP) by the NSW Minister for Planning to the Independent Planning Commission (IPC) for determination. This is a key milestone in the independent approvals process. The next step is for the NSW Department of Planning to complete its assessment report and provide the…
Notice is hereby given that the 2020 Annual General Meeting of members of Santos Limited will be held in the William Magarey Room at Adelaide Oval, War Memorial Drive, North Adelaide on Friday, 3 April 2020 at 10.00am.
Santos is pleased to announce it has entered a non-binding agreement with BP that could lead to BP investing A$20 million in support of Santos’ Moomba carbon capture and storage (CCS) project in South Australia. This non-binding agreement is subject to finalisation of terms and a final investment decision targeted for the end of 2020.…
Santos today announced the award of contracts for the supply and installation of subsea infrastructure for the Barossa project, the last major facilities commitments ahead of a Final Investment Decision (FID). The contract for the transport and installation of all the subsea umbilicals, risers, and flowlines, as well as the supply of the in-field flowlines,…
Santos today announced a Final Investment Decision had been made on the Van Gogh Infill Development Phase Two Project, which will maximise field production, access additional reserves and lower unit production costs. The Project will involve the drilling and completing of three new horizontal, dual-lateral production wells and subsea tieback into existing infrastructure. First oil…
SANTOS REPORTS RECORD ANNUAL FREE CASH FLOW OF $1.1 BILLION, 7% INCREASE IN NET PROFIT AND 13% INCREASE IN FULL-YEAR DIVIDENDS
Santos today announced its full-year results for 2019, reporting both record EBITDAX and free cash flow. The Board has resolved to pay a final dividend of US5.0 cents per share fully-franked, bringing full-year dividends to US11.0 cents…
Santos today released its 2020 Climate Change Report. See link below.
In accordance with ASX Listing Rule 3.17A, Santos advises that it has received a notice seeking to requisition the attached resolutions for consideration at the Annual General Meeting on 3 April 2020. The resolutions would involve: an amendment to the Constitution to provide that members can pass advisory resolutions in relation to the exercise of…
Cooper Basin joint venture (SACB) partners Santos and Beach Energy today announced the extension of ethane gas supply to Qenos, Australia’s sole manufacturer of polyethylene and leading supplier of world-class polymers. The new sales agreement will enable Qenos to maintain its operations at Botany Bay in Sydney and secure over 500 jobs associated with its…
Proudly Australian natural gas explorer and producer Santos is a new official partner of Australian Women’s Rugby, backing both the Women’s Sevens team and the Wallaroos. The agreement between Santos and Rugby Australia will see the company provide sponsorship for both the Buildcorp Wallaroos and Qantas Australian Women’s Sevens teams for the next three years.…
Santos today announced the Barossa project has taken another major step towards a final investment decision with the awarding of the contract for the Floating Production, Storage and Offloading (FPSO) facility to MODEC International Inc. The FPSO contract is the project’s biggest – comprising engineering, procurement of materials, equipment and services, construction, installation, commissioning and…
Santos today announced Janine J. McArdle has been appointed to the Santos Board as an independent non-executive director with such appointment to take effect today, 23 October 2019. With a proven track record of successful strategic decision making and operational management in the energy industry, the appointment of Ms McArdle further complements and strengthens the…
With farmers and rural communities in Queensland and New South Wales continuing to struggle with drought, Australian-owned natural gas company Santos is proud to donate $160,000 to support rural communities in the Maranoa and Narrabri regions where we operate. Santos will donate a total of $80,000 to the Queensland Country Women’s Association (QCWA) to be…
Record quarterly production and sales volumes Third quarter production of 19.8 mmboe was a record for Santos and 32% up on the corresponding quarter Production was 7% higher than the second quarter with higher production from all Australian assets Record sales volumes of 25.2 mmboe were 25% higher than the corresponding quarter Sales revenue of…
Santos is delighted to announce that it will partner with the Queensland Rugby Union (QRU) under a new four-year sponsorship agreement. The long-term partnership will see Santos become a sponsor of the QRU with the Santos logo on the top-back of the playing and training jerseys for the St. George Queensland Reds Super Rugby and…
Santos today announced that the initial flow test of the Caley reservoir from the Dorado-3 appraisal well has confirmed the main oil pool in the field is capable of producing flow rates at the higher end of pre-drill expectations. The initial clean-up flow test of the Caley reservoir, in the Dorado field located in the…
Santos today announced it had been awarded new acreage on-trend with the Dorado discovery in the adjacent permit, offshore Western Australia, in a joint venture with BP. Santos will operate the new permit, WA-541-P, in the Northern Carnarvon Basin which lies to the west of the recent Dorado, Roc and Phoenix South hydrocarbon discoveries in…
Santos today announced its half-year results for 2019, reporting both record EBITDAX and underlying profit. The Board has resolved to pay an interim dividend of US6.0 cents per share fully-franked, an increase of 71% over the previous interim dividend. The dividend is in-line with Santos’ sustainable dividend policy which targets a range of 10% to…
Record production and revenue First half production of 37 mmboe was a record for Santos and 32% above the corresponding period. Sales volumes of 45.2 mmboe were up 19% and sales revenues up 18% to $2 billion in the first half. Major growth projects advanced Dorado-2 appraisal success confirmed a larger than anticipated major oil…
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