Category: Timor-Leste | Page 3

2021 Half-year results

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…

Bayu-Undan Phase 3C infill production exceeds expectations

Santos, as operator of the Bayu-Undan Joint Venture, today announced that production from the Phase 3C infill drilling program at the Bayu-Undan field had begun with the first well producing a better than anticipated outcome. The first well has been brought online at 178 million standard cubic feet per day (mmscfd) of gas and 11,350…

Santos commences Bayu-Undan Phase 3C infill drilling campaign

Santos, as operator of the Bayu-Undan Joint Venture, today announced the Phase 3C infill drilling program has commenced at the Bayu-Undan field, in Timor-Leste offshore waters. The program, given a Final Investment Decision in January this year, comprises of three production wells and will develop additional natural gas and liquids reserves, extending field life as…

Santos and Eni sign MOU to collaborate in northern Australia and Timor-Leste

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…

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Category: <span>Timor-Leste</span>