Santos has affirmed its commitment to supporting small businesses by signing up to the Business Council of Australia’s Australian Supplier Payment Code. The Code commits signatory organisations to pay eligible Australian small business suppliers on-time and within 30 days of receiving a correct invoice, and to help suppliers implement new technologies and practices to speed…
Santos today announced that it has priced a US$600 million senior unsecured fixed rate bond transaction in the US$ Regulation S market. The bonds will be issued by Santos Finance Limited, a wholly owned subsidiary of Santos Limited, off the Company’s Euro Medium Term Note Programme (EMTN Programme). The bonds will be guaranteed by Santos…
In accordance with ASX Listing Rule 3.17A, Santos advises that it has received a notice from the Australasian Centre for Corporate Responsibility (ACCR) requisitioning resolutions for consideration at the Company’s Annual General Meeting to be held on 2 May 2019. The resolutions would involve: an amendment to the Constitution to provide that members can pass…
Santos has today released its 2019 Climate Change Report. See link below.
Santos reports record annual underlying profit of $727 million and record free cash flow of $1,006 million Full-year (US$m) 2018 2017 Change Product sales 3,660 3,100 18% EBITDAX1 2,160 1,428 51% Underlying profit1 727 318 129% Net profit/(loss) after tax 630 (360) nm Free cash flow1 1,006 618 63% Final dividend (UScps) 6.2 – 6.2cps…
Santos has been awarded two prestigious international industry honours at the Asia Pacific Energy Awards hosted by the Energy Council in Singapore last night. Managing Director and Chief Executive Officer Kevin Gallagher was awarded APAC Executive of the Year, and Santos’ acquisition of Quadrant Energy in November 2018 was recognised as APAC Deal of the…
Record sales revenue and strong production Record quarterly sales revenue of $1,043 million, up 7% and including record quarterly LNG sales revenue of $449 million, up 11% Record annual sales revenue of $3,696 million, up 19% Fourth quarter production up 6% to 15.9 mmboe due to sustained strong performance from the core portfolio and acquisition…
Santos is delighted to announce that it will continue its long and proud association with the Tour Down Under, signing a new three year naming rights sponsorship deal. Santos Managing Director and CEO Kevin Gallagher announced the commitment at the Santos Tour Down Under Legends’ Night Dinner in Adelaide, honouring the stars of the cycling…
South Australian celebrity chef Simon Bryant was Cooking with Gas at the Santos building in Adelaide this morning to serve breakfast for more than 100 of the world’s best female cyclists celebrating the success of the 2019 Santos Women’s Tour Down Under. The event celebrated Amanda Spratt’s fantastic win, making it a hat trick at…
Santos today announced that Kumul Petroleum Holdings Ltd geologist Ivano Ivano from Port Moresby is the recipient of a scholarship to study a Masters degree in Petroleum Geoscience at the University of Adelaide in 2019, followed by three months operational training with Santos. The scholarship is part of a new partnership between Santos and the…
Santos today announced that it has completed the acquisition of Quadrant Energy (Quadrant). The effective date of the transaction is 1 January 2018. On completion Santos paid an amount of US$1.93 billion, comprising the purchase price of US$2.15 billion less completion adjustments and cash acquired. The completion amount was fully funded from Santos’ existing cash…
Santos announced on 22 August 2018 the proposed acquisition of 100% of Quadrant Energy (Quadrant) for US$2.15 billion plus potential contingent payments. Santos today advised that the condition precedent for completion of the acquisition of Quadrant has been satisfied with the ACCC decision not to oppose the acquisition. Completion is expected to occur within weeks.…
Santos Managing Director and Chief Executive Officer Kevin Gallagher said: “Santos’ third quarter results serve to highlight the benefits of a cash generative core asset portfolio and our low-cost, disciplined Operating Model. During the quarter we paid our first dividend in two and a half years and achieved our net debt target of $2 billion…
Santos today outlined its plans to grow production to more than 100 million barrels of oil equivalent (mmboe) by 2025, almost doubling current levels of production. Speaking at the company’s Investor Day in Sydney, Santos Managing Director and Chief Executive Officer Kevin Gallagher said the successful delivery of the Transform-Build-Grow strategy presented to the market…
Santos announced in May 2018 the sale of its non-core Asian portfolio to Ophir Energy plc. Santos today advised completion of the sale of the producing assets has occurred.1 Santos has received cash proceeds of US$144 million at completion, which represents the sale price of US$221 million after standard adjustments including net free cash flows…
Santos today announced a doubling of half-year underlying profit to US$217 million and the reinstatement of dividends to shareholders
View the 2018 Half Year Report incorporating Appendix 4D from the link below
Santos advises that the PNG LNG Project co-venturers have entered into a mid-term LNG sale and purchase agreement (SPA) with BP Singapore Pte. Limited (BPS), for the supply of LNG commencing in August 2018. The mid-term SPA is for supply of approximately 0.45 million tonnes of liquefied natural gas (LNG) per annum (mtpa) for the…
Santos today announced the Barikewa-3 well, located in Papua New Guinea’s onshore Forelands region, intersected 25 metres of net gas pay within the Toro and Hedinia reservoir objectives. Reservoir quality exceeded pre-drill expectations and the appraisal well successfully intersected a gas-water contact in the Hedinia. A drill-stem test was carried out across the Toro interval…
Santos advises that the PNG LNG Project co-venturers have entered into a mid-term LNG sale and purchase agreement (SPA) with PetroChina International (Hong Kong) Corporation Limited (PCI), for the supply of LNG commencing in July 2018. The mid-term SPA is for supply of approximately 0.45 million tonnes of liquefied natural gas (LNG) per annum (mtpa)…
Santos Managing Director and Chief Executive Officer Kevin Gallagher said: “Santos’ strategy has been to establish a low cost operating model that is designed to deliver strong cash flows through the oil price cycle.” “Our second quarter results demonstrate the strength of our diversified portfolio of core assets underpinned by a disciplined operating model and…
In line with Santos’ stated purpose to provide sustainable returns to our shareholders, the Board has approved a new Dividend Policy. Santos will look to pay ordinary dividends that are sustainable through the oil price cycle and will target a range of 10% to 30% payout of free cash flow1 generated per annum. Furthermore, given…
Santos today welcomed the Gas Statement of Opportunities report released by the Australian Energy Market Operator (AEMO), which forecasts a 58 PJ gas surplus in the east coast domestic market in 2019. This surplus is equivalent to 10 per cent of total expected 2019 domestic gas demand. Last year AEMO forecast a 48 PJ gas…
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