Front end engineering work to develop the estimated $200 million Casino gas field offshore western Victoria, has been given approval by Santos Limited and its joint venture partners in the acreage, AWE and Mitsui. Santos, as Operator of the Casino field, announced on behalf of the VIC/P44 joint venture today that expenditure had been approved…
Financial highlights: EBITDA of $1,061 million for the full year ($1,087 million in 2002). Full year operating profit (after tax) of $327 million ($322 million in 2002). Results reflect one-off $55 million tax consolidation benefit. Operating cash flow $897 million, up 9%. Leverage reduced to 22.5%. $188 million of capital and operating savings achieved since…
Santos Limited advises that the Moomba gas supply capacity now exceeds current South Australia and New South Wales customer requirements, following increases in production over the past month. This excess capacity means that some processed gas, which is not needed by customers, is being reinjected into underground storage for future use during high demand periods.…
Santos Limited today announced 148% (80 million barrels of oil equivalent) replacement in Proven (1P) reserves at a world-class average cost of US$5.62 per barrel of oil equivalent for the year ended 31 December 2003. It follows the 119% reserves replacement achieved in 2002. Santos’ Proven reserves at the end of 2003, after 54.2 million…
The Operator of the Bayu Undan project in the Timor Sea, ConocoPhillips, has announced that first liquids production has been achieved, on schedule, from the Gas Recycle (Liquids) phase of the project. This follows successful commissioning and start-up. A copy of the ConocoPhillips release is enclosed. The Operator anticipates that gas recycling (gas reinjection and…
In line with its policy of divesting non-core assets, Santos Limited advises that it has reduced its share holding in Magellan Australia Petroleum Limited from 8.5 million shares (18.3%) to 4.7 million shares (10.1%).
Gas supplies from the Moomba plant are expected to return to normal by next weekend ahead of schedule and in excess of previously forecast levels. Santos Limited announced today that supplies were expected to increase to about 550 terajoules per day (TJ/d) by next weekend, well above the historic summer demand from Moomba of around…
Total sales revenue for Santos Limited for the 12 months to 31 December 2003 was virtually steady at $1,465.0 million reflecting higher average prices across most products, despite the 26% appreciation in the Australian dollar against the US dollar in the twelve months to the end of the December quarter. In its Activities Report for…
Santos Limited today announced that it is on track to increase gas supplies from the Moomba gas plant in central Australia following the incident on 1 January 2004. On 8 January the Company announced Stage 3 of the Moomba recovery plan which was targeting daily gas production of 450 terajoules per day (TJ/d) within 6-8…
Santos Limited has been awarded its fourth offshore exploration permit in the Sorell Basin, offshore Tasmania, by the Commonwealth and Tasmanian Governments. Exploration block T/36P is approximately 5 kilometres off Tasmanias south western coast and covers approximately 4,500 square kilometres. Santos has been awarded the block for an initial period of three years and has…
Santos Limited today announced a Heads of Agreement (HoA) for the sale of the entire gas reserves of the Maleo field in East Java, Indonesia. The Maleo field is estimated to contain in between 213 and 315 billion cubic feet of recoverable gas. Santos, as operator for the Madura Offshore Production Sharing Contract (PSC) participants,…
Santos Limited is pleased to announce the achievement of two significant milestones at the Bayu-Undan project with the flowing of first gas from the Bayu-Undan gas and liquids field. The project has successfully opened two wells for production as part of the commissioning and start-up procedures for the Wellhead Platform Number1. In addition, 1000 metric…
Santos Limited today announced plans for a further significant increase in gas supplies from the Moomba Plant following last weeks fire. The Company said that it is targeting to increase daily gas production to 450 terajoules within six to eight weeks under Stage 3 of the strategy to return gas supply at the Moomba Plant.…
Further to previous ASX announcements, Santos Ltd advises the following in relation to insurance arrangements and possible financial impacts. Insurance Arrangements Santos and its joint venture partners maintain insurance for Property Damage and Business Interruption to the Moomba facility. The insurance excess (or deductible) for property damage is A$1.5 million (Santos Share) and for business…
Moomba gas supply Santos Limited says it plans to move by tomorrow into the Stage Two of its restoration of gas supplies from the Moomba processing plant in central Australia, damaged by fire last Thursday. This will see approximately 150 terajoules per day delivered into the pipeline grid from tomorrow. The additional supplies will come…
Santos Limited reports that overnight it successfully completed the first stage of recommencing gas supply from Moomba with supplies currently over 120 terajoules per day (TJ/d) from processed gas stored underground at Moomba. The second stage has now commenced, focussed on gas sourced from nearby gas fields and processed through those sections of the plant…
Further assessments were made overnight and this morning of the extent of damage to the Liquids Recovery Plant section of the Moomba Gas facility in centralAustralia which was damaged in a gas leak and fire early yesterday morning. Santos personnel were this morning able to commence more detailed visual checks of the fire damage. Santos…
Santos expects limited supplies of gas to be delivered tonight from Moomba into the gas pipeline grid. The gas to be supplied has been previously processed through the Moomba plant and stored in underground reservoirs during periods of low demand. Total volumes are expected to build to approximately 100 terajoules per day (TJ/d). This is…
At approximately 3.00 a.m. today, Thursday, 1 January, 2004, a gas leak and fire occurred in the Liquids Recovery Plant section of the Moomba Gas Plant in central Australia. No casualties or injuries resulted. Santos emergency services personnel extinguished the main fire this morning. The plant has been shut down in response to the incident…
Santos Limited and the other South Australian Cooper Basin Gas Producers (Producers) announce today that they have secured an extension of their existing long-term ethane supply contract with Qenos Pty Ltd.The extended contract means that Cooper Basin ethane supply to Qenos will continue to the beginning of 2010, with potential to further extend the contract.…
Santos Limited and the other South West Queensland Gas Producers (Producers) have announced the addition of an important new customer for Cooper Basin gas.The Producers have signed a new long term contract with BHP Billiton Minerals Pty Limited for the supply of gas to its Cannington Mine in northwest Queensland. BHP Billiton has agreed to…
Santos Limited and the other South West Queensland Gas Producers have, in principle, secured sales of a combined total of up to 17 petajoules (PJ) in 2004.These new sales are with TXU Electricity Limited (TXU) and Origin Energy Retail Ltd (Origin). The new gas sales to TXU are the first direct sales from the Cooper…
Santos Limited has appointed Mr Peter Wasow to the new position of Chief Financial Officer.Mr Wasow was previously Santos Executive General Manager, Finance and Accounting, having joined the company in 2002 after a 23-year career with BHP Billiton in Australia and overseas including postings in the United States. Since joining Santos, Mr Wasow has made…
Santos Ltd announces the sale of the subsidiaries holding its 61.1% operated interests in the Bentu and Korinci-Baru Production Sharing Contracts (PSC) in Central Sumatra, Indonesia.Divestiture of these subsidiaries is in line with company strategy of focusing its Indonesian activities in East Java. Santos has accepted offers from Asian Worldwide Group Ltd for the Bentu…
Santos Limited, on behalf of the VIC/P44 Joint Venture, announces that it has conducted a successful production test of the Casino-3 well in the offshore Otway Basin. The production test measured gas flow over the primary reservoir zone encountered in the Casino 3 well to confirm reservoir flow characteristics. The successful test means that Santos…
Santos Limited as operator on behalf of the VIC/P44 Joint Venture will this week conduct a production test of the Casino-3 well in the offshore Otway Basin following the successful drilling of the appraisal well. Last week, Casino-3 intersected a 20-metre net gas column in the target Waarre sandstone. Over the weekend wire-line log, formation…
Santos Limited today reported that total sales revenue rose 2.2% to $1102 million in the nine months ended 30 September 2003 from $1078 million in the previous corresponding period. Total sales volumes in the third quarter of 2003 were steady at 15.3 million barrels of oil equivalent (mmboe) compared with the previous corresponding quarter. Total…
Santos Ltd today announced that, having regard to the Independent Experts Report and recommendation of the Independent Director of Oil Company of Australia Ltd (OCA), it intends to accept the off-market take-over offer by Origin Energy Ltd of $4.25 per share for the remaining 11,793,140 shares Santos holds in OCA. Pursuant to a pre-bid agreement,…
In response to media queries today, Santos Ltd advises that it did not pursue a bid for ExxonMobils subsidiary, Delhi Petroleum. Santos is currently satisfied with its position as operator and 60% interest-holder in the Cooper Basin assets. Our corporate focus is on maximising returns from these interests and developing our other flagship projects in…
750 / 960
Load more