Category: <span>Papua New Guinea</span>

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…

Third quarter production up 6% and record quarterly sales revenue Santos today announced a 6% lift in third quarter production to 13.5 million barrels of oil equivalent (mmboe) and record quarterly sales revenue of $851 million Quarterly crude oil production of 2.6 million barrels was the highest in four years and 6% above the previous…

UK Roadshow Investor Presentation – October 2012

Santos Vice President Martyn Eames addressed SEAAOC (South East Asia Australia Offshore Conference) in Darwin this morning. Martyn’s presentation, Asia’s Energy Security – The Role of Gas, covered the energy challenge playing out in the Asia Pacific region, the role that gas is playing in addressing that challenge and contributing to a new era of…

Santos reports $262 million net profit for the first half of 2012 Santos today announced a net profit of $262 million after tax for the half-year ended 30 June 2012. The headline half-year result is lower than the corresponding period which included gains on asset sales of $246 million. Underlying net profit of $283 million…

2012 Half Year Results Presentation

2012 Half Year Report incorporating Appendix 4D

Second quarter production up 9% and sales revenue up 18% Santos today announced a 9% lift in second quarter production to 13 million barrels of oil equivalent (mmboe). Quarterly crude oil production of 2.4 million barrels was the highest in four years and 46% above the corresponding period due to production from Chim Sáo in…

Santos’ CEO and MD David Knox today addressed the UBS Australian Resources and Energy Conference in Sydney.
Mr Knox discussed Santos’ transformation through LNG, and provided an update on the projects in the LNG growth pipeline.

Santos chief executive David Knox this afternoon addressed the World Gas Conference in Kuala Lumpur on the topic of unconventional gas, and in particular the situation in Australia. Mr Knox’s presentation was part of a panel session titled Unconventional Gas: A Game Changer or a Global Bubble? It covered Australia’s abundance of natural gas reserves,…

Santos held an investor briefing for the WA&NT and Eastern Australian Business Units at the APPEA 2012 Conference in Adelaide today.
Vice President WA&NT John Anderson and Vice President EA James Baulderstone provided an update on Santos’ strategy and outlook in Western Australia, Northern Territory and Eastern Australia.

The Chairman’s and the CEO & Managing Director’s addresses to the 2012 Annual General Meeting held in Adelaide today.

First quarter production up 13% and sales revenue up 50% Production of 12.4 million barrels of oil equivalent (mmboe) in the March quarter was up 13% primarily due to production from new assets. Quarterly gas production of 53PJ was 6% above the corresponding period due to new production from the Reindeer and Spar projects in…

Santos has released its 2011 Annual and Sustainability Reports, and notice of its 2012 Annual General Meeting. The 2011 Annual Report details Santos’ performance and results for the 2011 calendar year, and outlines the company’s outlook and strategy. The 2011 Sustainability Report provides information on Santos’ management approach and sustainability performance for 2011 in the…

Santos’ CEO and MD David Knox today addressed the CERA conference in Houston.
Mr Knox discussed Australia’s role as a major LNG supplier and as the first exporter of LNG from unconventional gas. He also discussed Santos’ quality LNG portfolio.

Santos’ Vice President Asia Pacific, Martyn Eames, today addressed the LNG Supplies for Asian Markets conference in Singapore. Mr Eames discussed the way in which the development of Australian unconventional gas resources will help capture a significant proportion of the forecast growth in demand for LNG in Asia, and Santos’ own role in meeting that…

Santos’ UK roadshow investor presentation was presented at the Citi Conference in London on Monday 5 March, 2012.

2011 Full-year results presentation

Santos lifts full-year net profit by 51% to $753 million Underlying net profit up 20% to $453 million Santos today announced a net profit of $753 million after tax for the year ended 31 December2011, 51% higher than the previous year.The 2011 headline result includes a $408 million profit after tax from asset sales, including…

2011 Full Year Report incorporating Appendix 4E

Santos announced today that Sangu-11 has penetrated a new gas reservoir in the Sangu area with approximately 20 metres of good quality gas pay. The well will be completed and tied into the Sangu facilities and will provide incremental gas to Chittagong in the coming months once marketing arrangements have been finalised. Work is continuing…

Santos today announced that its total proved and probable (2P) hydrocarbon reserves were 1,364 million barrels of oil equivalent (mmboe) at the end of 2011. Successful appraisal and commercialisation activity, and the sanctioning of the Fletcher Finucane project, added 82 mmboe of 2P reserves in 2011. The reserve additions represent an organic 2P reserves replacement…

Santos Vice President Technical & Engineering Diana Hoff today made a presentation to the International Petroleum Technology Conference (IPTC) in Bangkok. Diana discussed how the unconventional gas industry has developed, particularly comparing Australian coal seam gas and North American shale gas industries. Her presentation drew on examples from Santos’ extensive CSG interests in eastern Australia…

Santos today announced that gas production has commenced from the Wortel project in Indonesia. Wortel was sanctioned in November 2010, and is located in the Sampang Production Sharing Contract (PSC), offshore East Java in Indonesia. The Wortel development includes two gas wells, an unmanned wellhead platform and a 10-kilometre gas pipeline to the existing Santos-operated…

Santos is pleased to announce that it has agreed to extend to 2016 its successful partnership with the multi-award winning Santos Tour Down Under, Australia’s biggest free sporting event. The Santos Tour Down Under has achieved tremendous success throughout its 14-year history and has grown significantly in the past few years. The 2011 event contributed…

2011 sales revenue up 14%, higher oil production, projects delivered on plan 2011 production of 47.2 mmboe was within the company’s guidance range and 5% lower than 2010, primarily due to the sell-down of Santos’ interest in GLNG from 60% to 30%. Sales revenue of $2.5 billion was 14% higher than 2010. Sales revenue of…

Santos today announced it has secured US$1.2 billion in Export Credit Agency (ECA) supported corporate senior debt facilities. The new ECA facilities provide Santos with additional liquidity with flexible drawdown dates during the construction period of the GLNG project. Santos Chief Financial Officer Andrew Seaton said the ECA facilities were part of Santos’ funding strategy…