Record sales revenue and free cash flow Delivered record year-to-date sales revenue of US$5.9 billion, up 86 per cent, and record free cash flow of US$2.7 billion, up 194 per cent on the corresponding period Third quarter production of 26.1 mmboe was slightly higher than the second quarter primarily due to increased domestic gas demand…
Santos notes today’s decision by Justice Bromberg of the Federal Court to set aside the acceptance by the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) of an environmental plan covering the drilling and completion activities in relation to the Barossa Gas Project. The relevant drilling activities were to occur at a site in…
Santos has been awarded permits to undertake evaluation and appraisal work for the potential storage of carbon dioxide in the offshore Carnarvon and Bonaparte basins, off the coast of Western Australia, the company announced today. Permits G-9-AP and G-11-AP will enable Santos to pursue potential carbon capture and storage (CCS) opportunities with its joint venture…
Santos, as operator of the Barossa joint venture, today announced a final investment decision (FID) has been taken to proceed with the Darwin Pipeline Duplication Project, located offshore the Northern Territory. The decision will extend the Barossa Gas Export Pipeline to the Santos-operated Darwin LNG (DLNG) facility and allow for the repurposing of the existing…
Santos President Midstream and Clean Fuels, Brett Woods, addressed the South East Asia Australia Offshore & Onshore Conference (SEAAOC), today, highlighting Santos’ commitment to Northern Australia.
Santos reports record first half free cash flow and underlying earnings, and higher shareholder returns Highlights Underlying profit[1] US$1,267 million, up 300% Statutory net profit after tax US$1,167 million, up 230% EBITDAX[1] $2,731 million, up 122% Free cash flow[1] US$1,708 million, up 199% Annual merger integration synergies target increased to US$110-125 million US$605 million in…
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 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…
Record quarterly production, sales revenue and free cash flow Santos achieved record production of 26 million barrels of oil equivalent (mmboe) in the first quarter Stronger commodity prices combined with higher sales volumes delivered record quarterly sales revenue of US$1.9 billion, up 25 per cent compared to the prior quarter and 99 per cent higher…
Attached is a presentation on Santos’ 2022 Climate Change Report which will be used at an investor briefing today commencing at 10:00am AEDT.
The presentation should be read in conjunction with Santos’ 2022 Climate Change Report released to the ASX on 30 March 2022.
Today’s briefing will be webcast live on Santos’ website at www.santos.com
Santos has today released its 2022 Climate Change Report which sets out our climate transition strategy and action plan to become a net-zero emissions[1] energy and fuels business by 2040. The Climate Change Report features the following milestones for Santos’ journey to becoming Net Zero: New 2030 targets of a 30 per cent reduction in…
Santos today announced the Pavo-1 exploration well has confirmed a significant oil discovery 46 kilometres east of the Dorado field in the Bedout Sub-basin, offshore Western Australia. The well was drilled on the northern culmination of the greater Pavo structure and encountered a 60-metre gross hydrocarbon column in the primary Caley member reservoir target. Wireline…
The Santos 2022 Climate Change Report Investor Briefing will be held on Thursday, 31st March 2022 at 10:00am AEDT
The live webcast can be accessed by clicking here.
Santos, as operator of the Bayu-Undan offshore gas production facility in Timor-Leste and Darwin LNG, has today announced entry into the front-end engineering and design (FEED) phase for the proposed Bayu-Undan carbon capture and storage (CCS) project. The Bayu-Undan CCS project could potentially safely and permanently store up to 10 million tonnes of carbon dioxide…
2021 Full-year results video
Santos reports record free cash flow and underlying earnings, and higher final dividend Full-year (US$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…
Santos announces booking of CO2 storage capacity Santos today announced a booking of 100 million tonnes of CO2 storage resource in the Cooper Basin in South Australia. This represents a subset of the total prospective storage resource in the Cooper Basin and follows the final investment decision on the 1.7 million tonne per annum Moomba…
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,…
Santos today announced it had signed a binding Sale and Purchase Agreement (SPA) to sell a 12.5 per cent interest in the Barossa project to an Australian subsidiary of JERA Co., Inc. (JERA). The effective date of the sale of the Barossa interest is 31 March 2020 and completion is expected in the first half…
Santos Managing Director & CEO, Kevin Gallagher addressed SEAAOC in Darwin today.
Record sales revenue and record free cash flow Strong base business performance and improved commodity prices delivered record quarterly sales revenue of US$1.14 billion, up 6%, and record quarterly free cash flow of US$359 million, up 33% Gross Bayu-Undan production was higher in the quarter due to the successful start-up of the first well in…
Santos welcomes the Federal Government’s release of the carbon capture and storage (CCS) method for the Emissions Reduction Fund and will today commence the process to apply to register our Moomba CCS Project with the Clean Energy Regulator and generate Australian Carbon Credit Units (ACCUs). Santos’ A$210 million Moomba CCS Project will be one of…
Santos Managing Director and Chief Executive Officer, Kevin Gallagher addressed the Energy Club WA’s Networking Dinner on Tuesday, 7 September 2021.
2021 Half-year results video
Santos reports record half-year production and sales volumes, strong free cash flow and underlying earnings, and higher interim dividend Half-year (US$million)20212020Change Production (mmboe)47.338.523% Sales volume (mmboe)53.846.915% Product sales revenue2,0401,66822% EBITDAX[1]1,23199524% Underlying profit[1]31721250% Net profit/(loss) after tax354(289)222% Free cash flow[1]57243133% Interim dividend (UScps)5.52.1162% Santos today announced its half-year results for 2021, reporting record production of 47.3…
Santos and Eni have signed a Memorandum of Understanding (MOU) to cooperate on opportunities in northern Australia and Timor-Leste. The areas of cooperation include assessing the synergies of sharing possible infrastructures associated with gas field developments around Barossa and Evans Shoal, pipeline to Darwin and onshore associated gas processing leading to LNG expansion developments. This…
Santos today announced it had completed the sell-down of 25 per cent interests in Bayu-Undan and Darwin LNG to SK E&S, which is also a partner in Barossa. The sell-down resulted in net funds to Santos of US$186 million at completion, being the sale price of US$390 million less the cashflows from the 25 per…
Santos today announced that it has priced a US$1.0 billion senior unsecured fixed rate bond transaction in the US dollar 144A/RegS market. The bonds will be issued by Santos Finance Limited, a wholly owned subsidiary of Santos Limited and guaranteed by Santos Limited. The bonds have been priced at a fixed coupon of 3.649 per…
Strong base business generated US$302 million free cash flow in first quarter First quarter production of 24.8 mmboe was 39 per cent above the corresponding quarter in 2020 primarily due to the ConocoPhillips acquisition which completed in May 2020 Production was 2 per cent lower than the December quarter primarily due to lower domestic gas…
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