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.
The National Football Stadium (formerly Lloyd Robson Oval) known as the spiritual home of Papua New Guinea rugby league has been given a boost of K1.3 million with Santos now continuing the stadium naming rights sponsorship for 2022. Santos Executive Vice President and Co-Head PNG Leon Buskens said Santos is pleased to announce its partnership…
Santos has today joined the Papua New Guinea Government and P’nyang project participants (affiliates of ExxonMobil and JX Nippon) to execute a gas agreement that provides a clear framework for P’nyang’s future development. The signing of the gas agreement marks a major milestone for the project, setting out the fiscal framework and supporting project scoping…
The people of Hela Province now have access to 24-hour acute emergency care, with the new Accident and Emergency department opening at Hela Provincial Hospital today. Santos Managing Director and Chief Executive Officer, Kevin Gallagher, said partnering with communities where Santos operates ensures local people benefit from the development of natural gas resources. “In developing…
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…
Trans Wonderland Limited Group and Pentagon Freight Services have formed a joint venture to support Santos’ PNG Operations. The joint venture (JV) known as PenTrans, is now set to deliver international freight forwarding, road transport and warehousing services to Santos after being awarded a 5-year contract on the eve of the Santos and Oil Search…
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 Limited (Santos) is pleased to announce that the merger of Santos and Oil Search Limited (Oil Search) effected by way of scheme of arrangement (Scheme) has been implemented today. Accordingly, Santos has acquired 100 per cent of the issued capital in Oil Search from Oil Search shareholders. In accordance with the terms of the…
Santos is pleased to announce that it has listed today on the official list of the PNGX, Papua New Guinea’s National Stock Exchange, following approval by the Board of PNGX of Santos’ listing application as an exempt foreign entity. The listing of Santos’ shares on PNGX relates to Santos’ merger with Oil Search Limited (Oil…
The merger of Santos and Oil Search is now effective following approval of Oil Search’s Scheme of Arrangement by the National Court of PNG Oil Search shareholders to receive 0.6275 new Santos shares for each Oil Search share held The merger creates a regional champion of size and scale, with a market capitalisation of approximately…
Santos today announced it had received the necessary clearance from the Independent Consumer and Competition Commission (ICCC) of Papua New Guinea in order to implement the proposed merger with Oil Search. The condition set out in clause 3.1(e) of the Merger Implementation Deed released to ASX on 10 September 2021 has now been satisfied. The…
Santos today announced it had received the necessary Approval Letter and Exemption Notice from the Securities Commission of Papua New Guinea in order to implement the proposed merger with Oil Search.
The condition set out in clause 3.1(d) of the Merger Implementation Deed released to ASX on 10 September 2021 has now been satisfied.
The Independent Expert has concluded that the Merger is in the best interests of Oil Search shareholders in the absence of a Superior Proposal The Oil Search Board continues to unanimously recommend that Oil Search shareholders vote in favour of the Scheme at the Scheme Meeting in the absence of a superior proposal Oil Search…
Santos refers to the Merger Implementation Deed (MID) with Oil Search, released to the ASX on 10 September 2021, under which the two companies will combine via an Oil Search Scheme of Arrangement. The indicative timetable in the MID said that the First Court Date would be on or around 27 October 2021. The First…
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$359 million, up 33% Gross Bayu-Undan production was higher in the quarter due to the successful start-up of the first well in…
Santos and Oil Search have entered into a definitive agreement to merge the two companies in an all-scrip transaction Oil Search shareholders are to receive 0.6275 new Santos shares for each Oil Search share held Upon completion of the Merger, Oil Search shareholders will own approximately 38.5 per cent of the merged entity and Santos…
Santos Managing Director and Chief Executive Officer, Kevin Gallagher addressed the Energy Club WA’s Networking Dinner on Tuesday, 7 September 2021.
Santos refers to its announcement of 2 August regarding Santos and Oil Search entering into confidentiality agreements and a period of exclusive mutual due diligence regarding the proposed merger of the two companies via a scheme of arrangement under which Santos would acquire all of the shares in Oil Search for a consideration of 0.6275…
2021 Half-year results video
Santos reports record half-year production and sales volumes, strong free cash flow and underlying earnings, and higher interim dividend Half-year (US$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 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…
Santos Chairman Mr Keith Spence and Managing Director & CEO Mr Kevin Gallagher addresses to the 2021 Santos Annual General Meeting held today.
Following consultation with shareholders, Santos today announced it intends to provide shareholders with a non-binding advisory vote on the company’s Climate Change Report at the 2022 Annual General Meeting. Santos Managing Director and Chief Executive Officer Kevin Gallagher said Santos is a corporate leader in climate action, setting an ambitious and credible roadmap to net-zero…
Santos has been advised by ENN Group (ENN) that it has sold approximately 107.1 million shares representing a 5.14 per cent interest in Santos at $7.33 per share. The sale process was oversubscribed and received strong support from existing and new institutional shareholders. ENN has advised Santos that it remains fully supportive of Santos’ strategy…
2020 Full-year results video
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