Santos Managing Director & CEO David Knox today addressed an event in Sydney on the importance of responsible operations within the Australian gas industry. The industry funds day was hosted by Citi and themed Who Votes Your Shares? Connecting Boards with Industry, Public Sector & Super Funds. In his presentation, Developing Australia’s gas resources responsibly,…
Record quarterly sales revenue and strong progress on growth projects Santos today announced record sales revenue of over $1 billion for the third quarter of 2013. The record result was driven by the company’s highest oil production in six years, strong oil prices and higher third party sales volumes. Third quarter production of 13.4 million…
Presentation by Santos CFO Andrew Seaton to the 2013 CLSA Investors’ Forum in Hong Kong on 25 September 2013.
Santos Vice President WA&NT John Anderson today addressed SEAAOC (South East Asia Australia Offshore Conference) in Darwin, where he highlighted the importance of collaboration in achieving the next wave of Australia’s natural gas developments. Mr Anderson’s address, The LNG Opportunity for Australia, looked at the future for natural gas in the Asia Pacific region, the…
On 16 August 2013 Santos announced a fully franked interim dividend of fifteen cents per share would be paid on 30 September 2013 to shareholders on record as at 28 August 2013. It also announced that the DRP would be in operation for this dividend. DRP shares would be issued at the arithmetic average of…
Santos today announced the execution of binding agreements to participate in two prospective exploration permits in the Western Province of Papua New Guinea. The agreements with Talisman provide for Santos to acquire 30% interests in permits PPL 261 and PPL 426. Terms of the agreements are confidential. Talisman will remain operator of the permits. In…
Santos advises that Esso Highlands Limited, a subsidiary of Exxon Mobil Corporation and operator of the PNG LNG project, has confirmed that the project is more than 90% complete and on track for first LNG delivery in the second half of 2014. The operator has also confirmed that the estimated gross capital cost of the…
2013 Half Year Report incorporating Appendix 4D
Santos reports 3% lift in first half profit to $271 million Santos today announced a first half net profit of $271 million after tax, 3% higher than the corresponding period. The headline result reflects record sales revenue driven by higher crude oil sales volumes and gas prices, impairment reversals and lower production costs, partially offset…
2013 Half Year Results Presentation
Growth projects on track; record first half sales revenue Santos today announced second quarter production of 12.4 million barrels of oil equivalent (mmboe), 2% higher than the first quarter of 2013. Gas production of 51.7 PJ (8.9 mmboe) was 6% lower than the corresponding period, with higher production from Darwin LNG offset by lower production…
A dome shaped LNG tank steel roof, weighing more than four Boeing 747s, has been raised almost 40 metres using little more than air, on Curtis Island today. This was a significant milestone for the Santos GLNG Project’s liquefied natural gas (LNG) plant, being built by downstream principal contractor Bechtel. Vice President GLNG Downstream Rod…
Address by Santos CEO and MD David Knox to the UBS Australian Resources and Energy Conference 13 July 2013
Santos Vice President Asia Pacific Martyn Eames today addressed the Asia Oil & Gas Conference in Kuala Lumpur. Mr Eames spoke about the development of unconventional gas resources in the Asia Pacific region, outlining the ingredients necessary for success, progress being made in Australia, and Santos’ application of its own experience in Australia to assist…
The Chairman’s and the CEO & Managing Director’s addresses to the 2013 Annual General Meeting held in Adelaide today.
Address by Santos CEO and MD David Knox to the Macquarie Australia Conference 1 May 2013
Growth projects on track; first quarter production impacted by planned shutdowns Santos today announced first quarter production of 12.1 million barrels of oil equivalent (mmboe), 2% lower than the first quarter of 2012. Gas production of 52.8 PJ (9.1 mmboe) was in line with the corresponding period, with higher Otway Basin production offset by lower…
Santos has released its 2012 Annual and Sustainability Reports, and notice of its 2013 Annual General Meeting. The 2012 Annual Report details Santos’ performance and results for the 2012 calendar year, and outlines the company’s outlook and strategy. The 2012 Sustainability Report provides information on Santos’ management approach and sustainability performance for 2012 in the…
Santos notes today’s announcement from Standard & Poor’s (S&P) that Santos’ €1 billion hybrid issued in September 2010 will be reclassified as debt under revised S&P criteria. S&P previously classified the hybrid as equity. As a consequence, S&P has placed Santos’ BBB+ credit rating on CreditWatch with negative implications. Santos Chief Financial Officer Andrew Seaton…
On 22 February 2013 Santos announced a fully franked final dividend of fifteen cents per share would be paid on 28 March 2013 to shareholders on record as at 7 March 2013. It also announced that the DRP would be in operation for this dividend. DRP shares would be issued at the arithmetic average of…
Full year profit $519 million and underlying profit $606 million GLNG and PNG LNG on schedule and budget Santos today announced a net profit of $519 million after tax for the year ended 31 December2012. The previous year comparable profit of $753 million included gains on asset sales of$408 million after tax. The 2012 result…
Santos today announced that proved and probable (2P) hydrocarbon reserves increased to 1,406 million barrels of oil equivalent (mmboe) as at the end of 2012. This represents a 2P reserves replacement ratio of 180% and provides a reserves life of 27 years based on 2012 production of 52.1 mmboe. 2012 continued Santos’ consistent track record…
2012 Full Year Report incorporating Appendix 4E
2012 Full Year Results Presentation
2012 production up 10%, record quarterly and annual sales revenue Santos today announced a 10% lift in annual production to 52.1 million barrels of oil equivalent (mmboe) and record quarterly and annual sales revenue. December quarter production of 13.2 mmboe was 13% higher than the corresponding quarter and sales revenue for the quarter was up…
Santos this morning delivered its 2012 investor presentation in Sydney.
Santos CEO David Knox this morning delivered the keynote address to the 2012 Australian Institute of Energy Conference in Sydney. Mr Knox spoke about the US and the changes occurring in their energy economy, the energy challenge facing our region and the pivotal role that gas is playing in addressing it, and what Australia can…
Santos advises that Esso Highlands Limited, a subsidiary of Exxon Mobil Corporation and operator of the PNG LNG Project, has just completed and provided to co-venturers a cost and schedule review for the Project. Key aspects of the cost and schedule review include: the Project is 70% complete and on track for first LNG in…
Santos Chief Executive David Knox said it was important that “all levels of government work together with industry to help deliver the vision outlined in the Energy White Paper and transform Australia’s energy sector for the benefit of all Australians.” “Australia’s abundant gas resources, together with the economies of scale provided by the export LNG…
Santos today announced the appointment of Hock Goh to its Board of Directors, effective immediately. Mr Goh, 57, has extensive experience in the oil and gas industry in Asia. During a 25-year career with Schlumberger, a leading oilfield services company, Mr Goh held senior positions in Asia, the Middle East and Europe, including President of…
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