Increase In Santos Interim Profit Santos today announced an after tax operating profit for the 1997 first half of $102.3 million, an increase of 15.5% on the 1996 first half result of $88.6 million. The improved profit performance was primarily the result of increased production and higher product prices. Managing Director, Mr Ross Adler, said…
Approval for Pierce Oil Field Development Santos announced today that Enterprise Oil plc, as Operator, has received approval from the UK Department of Trade and Industry (DTI) for the development of the Pierce oil field in the Central North Sea. First oil is planned in August 1998. Discovered in 1975, the field has proven and…
Santos Ltd, as Operator for the Nappacoongee – Murteree Block, announces the discovery of two new gas fields in the South Australian section of the Cooper/Eromanga Basins. The wildcat well, Milluna 1 flowed gas at 211,000 cubic metres (7.45 million cubic feet per day) from reservoir sands in the Early Permian Patchawarra Formation over the…
Second Quarter Highlights The following results were achieved compared with the 1996 second quarter: Sales revenue increased by 4.0% to $194.9 million Sales volume increased by 6.0% to 10.6 million boe Production volume increased by 4.5% to 10.3 million boe 64% success rate from exploration and appraisal wells spudded. Comment by Mr Ross Adler, Managing…
DORODILLO 1 Santos Ltd, as Operator for the Murta Block, announces the discovery of a new gas field in the South Australian section of the Cooper / Eromanga Basins. This follows the successful Beeree 1 well in the Queensland section of the Cooper / Eromanga Basins announced last week. The exploration well, Dorodillo 1 flowed…
MERRIMELIA 37 Santos Ltd, as Operator for the Merrimelia-Innamincka Block, announces a new pool gas discovery in the South Australian sector of the Cooper Basin. Appraisal well Merrimelia 37 flowed gas at a rate of 216,062 metres per day (6.37 million cubic feet per day) with minor gas liquids from the Late…
Santos Ltd, as Operator for the Patchawarra Southwest Block, announces a new pool gas discovery in the South Australian section of the Cooper/Eromanga Basins. The exploration well, Nephrite South 1 flowed gas at 105,500 cubic metres per day (3.725 million cubic feet per day) plus minor condensate, from reservoir sands in the Early Permian Patchawarra…
Santos Ltd, as Operator for the South West Queensland Unit, announces a successful gas appraisal well in the Queensland sector of the Cooper/Eromanga Basins. The appraisal well, Thoar 2, flowed gas at 208,000 cubic metres per day (7.30 million cubic feet per day) with 8.1 kilolitres (51 barrels) of condensate per day from the Toolachee…
INDONESIAN PERMIT AWARDED Santos today announced that it has been awarded a 61.111% interest in the Korinci-Baru Production Sharing Contract (PSC) in central Sumatra in Indonesia This interest complements the 61.111% interest which Santos already has in the adjoining Bentu PSC which contains gross gas reserves of approximately 200 billion cubic feet. The remaining 38.888%…
GOYDER 2 Santos Ltd as Operator for the Nappacoongee-Murteree Block announces the discovery of a new gas field in the South Australian section of the Cooper/Eromanga Basins with gas flows from two separate formations. The Goyder 2 exploration well located on the south eastern flank of the Allunga Trough, has flowed gas at 154,300 cubic…
First Quarter Highlights The following results were achieved compared with the 1996 first quarter: Sales revenue increased by 22.5% to $181.3 million (first quarter record). Sales volume increased by 15.0% to 9.2 million boe (first quarter record). Production volume increased by 6.8% to 9.6 million boe (first quarter record). 60% success rate from exploration and…
On 5 December, 1996 Santos Ltd announced that the Australian Stock Exchange Ltd had granted waivers from Listing Rules 5.4 and 5.5 in respect of drilling and test results in relation to exploration wells outside Australian jurisdiction and in the Zone of Co-Operation between Australia and Indonesia on the conditions specified in that announcement, which…
FENTON CREEK 1 The Santos Group, as Operator for PEP 108 announces the discovery of a new gas field in the Victorian section of the Otway Basin. The exploration wildcat well Fenton Creek 1 flowed gas on drill stem test (DST 2) at 169,900 cubic metres per day (6.0 million cubic feet per day) accompanied…
1996 Annual Report
Santos USA Corporation announced today that it is well placed to expand its interests by up to 9 exploration blocks in the Central Gulf of Mexico. This follows bidding in the US Offshore Continental Shelf Lease Sale No. 166 which was conducted by the US Federal Government on 5 March 1997 in which Santos USA…
BOTANY COGENERATION PROJECT Santos has been advised by ALISE that the Botany Cogeneration Project may now proceed in two stages with the timing of the second stage dependent on satisfactory evolution of conditions in the electricity market. Under these circumstances, the initial stage of the project would require the supply of approximately 12 petajoules per…
1996 FOURTH QUARTER REPORT Fourth Quarter Highlights The following results were achieved compared with the 1995 fourth quarter: Sales revenue increased by 24.4% to $207.2m (a record level of quarterly revenue) Sales volumes increased by 10.0% to 9.9 million boe (fourth quarter record) Production volume increased by 8.8% to 9.8 million boe (fourth quarter record)…
MOODY’S INVESTORS SERVICE ANNOUNCES SANTOS DEBT RATING UPGRADE Santos announces that Moody’s Investors Service has upgraded Santos Finance Limited’s commercial paper rating from Prime-3 to Prime-2. Santos Finance Limited is a wholly owned and guaranteed subsidiary of Santos Limited. This follows Standard & Poor’s recent report which maintains Santos’ long term debt rating…
Santos Ltd, as Operator for the Merrimelia-Innamincka Block, announces the discovery of a new gas field in the South Australian section of the Cooper/Eromanga Basins. This follows the successful Nephrite 1 well in the South Australian section of the Cooper/Eromanga Basins, announced last week. The exploration well, Merindal 1 flowed gas at 137,355 cubic metres…
Santos Ltd, as Operator for the Patchawarra East Block, announces the discovery of a new oil field in the South Australian Section of the Cooper/Eromanga Basins. The discovery well, Tarragon 1, flowed 500 BOPD of oil from the interval 2306m to 2312m in the Triassic Tinchoo Formation. The flow was recorded through a 13mm (“)…
Santos South East Asia Business Unit Created Following Completion of MIM Oil & Gas Acquisition On 23rd September 1996, Santos announced its intention to acquire the oil and gas business of MIM Holdings Limited (excluding interests in Queensland and the Bonaparte Basin). The acquisition was subject to the granting of regulatory approvals and satisfaction of…
Santos Ltd, as Operator for the Patchawarra Southwest Block, announces the discovery of a new gas field in the South Australian section of the Cooper/Eromanga Basins. This follows the successful Judga North 1 well in the Queensland section of the Cooper/Eromanga Basins, announced last week. The exploration well, Nephrite 1 flowed gas at 230,000 cubic…
Santos Ltd advises that the UK Block 22/22c-3 well, 128 miles east of Aberdeen, has been suspended pending further evaluation following oil shows. The original wellbore, 22/22c-3, was drilled by the semi-submersible drilling rig Sedco Explorer in 307 feet of water to a total depth of 9,235 feet. The well encountered shows of hydrocarbons in…
Santos Ltd, as Operator for the South West Queensland Unit, announces a successful gas exploration well in the Queensland sector of the Cooper/Eromanga Basins. The exploration well, Judga North 1, flowed gas at 227,000 cubic metres per day (8.02 million cubic feet per day) with 34 kilolitres (216 barrels) of 59.1° API condensate per day…
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