Santos refers to the ASX announcement released by Woodside Energy Group (Woodside) today confirming discussions between Santos and Woodside regarding a potential merger have ceased. Following an initial exchange of information, sufficient combination benefits were not identified to support a merger that would be in the best interests of Santos shareholders. Santos has a clear…
Santos today announced the appointment of Amelia Senneck as Company Secretary effective 9 January 2024.
The appointment coincides with Amanda Devonish’s resignation as Company Secretary.
Santos refers to media commentary regarding a potential merger of Woodside Energy Group (Woodside) and Santos. Santos confirms it has engaged in preliminary discussions with Woodside regarding a potential merger. Santos continuously reviews opportunities to create and deliver value for shareholders. Concurrently, Santos is assessing a range of alternative structural options with a view to…
Santos has furthered strengthened its position as a carbon capture and storage (CCS) leader, by formalising a Memoranda of Understanding (MOU) to collaborate on carbon solutions with Korean energy company, SK E&S. The MOU provides for Santos and SK E&S to cooperate in seeking to develop a low-carbon hub at Darwin in Northern Territory after…
Santos notes that the Federal Court proceedings commenced by the Australian Energy Regulator today relate solely to historical record keeping practices between 1 March 2019 and 8 June 2021. Importantly, the alleged record-keeping issues had no impact on supply or price in the east coast domestic gas market. Santos always acted and will continue to…
Robust sales revenue, production and free cash flow Sales revenue of more than US$1.4 billion in the third quarter. Third quarter production of 23.3 mmboe was slightly higher than the prior quarter primarily due to increased crude oil production in PNG. Bayu-Undan continuing to produce with at least one more LNG cargo expected, followed by…
Santos and its Bayu-Undan joint venture partners have signed a Memorandum of Understanding (MOU) with Timor-Leste’s national oil company TIMOR GAP to explore partnership opportunities for the proposed Bayu-Undan carbon capture and storage (CCS) project offshore Timor-Leste. The MOU follows four non-binding MOUs for CO2 supply to Bayu-Undan CCS that indicate demand for CO2 storage…
Santos advises that Jodie Hatherly has resigned as a Company Secretary effective 31 July 2023. Amanda Devonish remains as Company Secretary.
Santos today released its 2023 Sustainability Report.
Human Rights Allegations Some of our investors and financiers have recently received a letter from Equity Generation Lawyers on behalf of up to nine individuals (Claimants) alleging breaches of the human rights of Tiwi Island, Larrakia and Gomeroi people arising from Santos’ Barossa Gas Project, Darwin LNG Life Extension Project and Narrabri Gas Project. Santos…
Santos is pleased to announce the appointment of Alan Stuart-Grant to the Executive committee of Santos. Mr Stuart-Grant will join Santos on 1 August 2023 as Executive Vice President Santos Energy Solutions. This comes as part of an updated organisational structure that will provide a stronger regional focus. Following the implementation of Santos backfill and…
Santos, through its energy transition business Santos Energy Solutions, is progressing with its ambition to create a cleaner energy future by entering an agreement with Osaka Gas Australia (OGA) for Pre-Front End Engineering and Design (Pre-FEED) work on a demonstration scale project to produce carbon neutral e-methane from green hydrogen. Santos Energy Solutions is focused…
Santos welcomes the acceptance by the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) of the Offshore Project Proposal (OPP) relating to the Dorado development. Dorado is a proposed phased liquids and gas development, with an initial phase of liquids development with gas re-injection and the potential for a second phase development to recover…
Santos today released its Annual Reserves and Resource Statement. Proved plus probable (2P) reserves were a record 1,745 million barrels of oil equivalent (mmboe) at the end of 2022, an increase of 171 mmboe before production. Key highlights: 166 per cent annual 2P reserves replacement 366 per cent three-year 2P reserves replacement 2P reserves life…
The largest voluntary planning agreement (VPA) ever entered into by the Narrabri Shire Council has officially been ratified between the Council and Santos. The $14.5 million Santos VPA means the Narrabri community will significantly benefit from Santos’ operations in the region, with the agreement delivering a range of key infrastructure upgrades in the town and…
Santos advises that gas production has resumed from the John Brookes platform, offshore Western Australia, and is expected to ramp-up to full rates in the coming days. Production was suspended in late-November to allow for repairs following the identification of a small leak on the main gas trunkline connecting John Brookes to the Varanus Island…
In accordance with ASX Listing Rule 3.17A, Santos advises that it has received a notice seeking to requisition resolutions for consideration at the 2023 Annual General Meeting. The proposed resolutions have been requisitioned by shareholders representing less than 0.007 per cent of the shares on issue in Santos Limited. The resolutions propose: 1. An amendment…
The Bidjara people from South West Queensland are set to benefit from ongoing social and economic opportunities with final government approvals for Santos’ Mount Tabor biodiversity offset project received this month. In a first for Santos’ Indigenous partnerships programs, the final approval from the Queensland Government means the rich environment that covers over 5,000 hectares…
Record annual sales revenue, production and free cash flow Delivered sales revenue of US$1.9 billion in the fourth quarter, bringing 2022 sales revenue to a record US$7.8 billion, up 65 per cent on the prior year Record annual free cash flow of approximately US$3.6 billion, more than double the level in 2021 Fourth quarter production…
Santos refers to its announcement of 27 September 2022 that it had received a binding conditional offer from Kumul Petroleum Holdings Limited (Kumul) to acquire a five per cent interest in PNG LNG for asset value of US$1.4 billion, including a proportionate share of PNG LNG project finance debt of approximately US$0.3 billion (the Offer).…
Santos notes the determination of the National Native Title Tribunal handed down yesterday, that proposed future acts, being the grants of Petroleum Production Lease Application Numbers 13, 14, 15 and 16 for the Narrabri Gas Project, may be done. The Tribunal imposed a condition, in each case, that Santos takes all necessary steps to ensure…
Santos, Western Australia’s biggest domestic gas supplier, is pleased to announce it has entered into a new gas supply agreement with the Walyering joint venture in the Perth Basin. Santos will purchase a total of 36.5 petajoules of gas from the Walyering field over five years, commencing in the first half of 2023.The agreement is…
Santos today announced a simplified capital management framework targeting higher shareholder returns and including a minimum annual return of at least 40 per cent of free cash flow. Santos’ strategy is to maintain a disciplined, low-cost operating model that is designed to deliver strong cash flows through the commodity price cycle. The revised capital management…
Santos President Upstream Oil and Gas, Brett Darley, spoke at the 16th PNG Mining and Petroleum Conference today.
Santos notes the decision by the Full Federal Court today to dismiss the appeal from Justice Bromberg’s decision in September, which set aside NOPSEMA’s approval of the Barossa Gas Project’s Drilling Environment Plan (Plan). Santos has consulted with Traditional Owners and their representative bodies on the Barossa Gas Project since 2016 and will continue to…
Santos advises that a small gas leak has been identified in a subsea flange on the main gas trunkline from the John Brookes platform, offshore Western Australia to the Varanus Island gas processing facilities. The observation of the leak occurred during routine activities on the normally un-staffed facility. The platform and pipeline were immediately shutdown…
Santos is pleased to announce it has agreed binding terms to extend its current gas supply agreement with Brickworks, with the new long term agreement commencing January 2025 for another 11 years with the potential for further extensions beyond that. The agreement will provide long-term security of affordable gas supply for Brickworks and support Santos’…
Santos today announced a new Purpose, Strategy and business organisation as the company reaffirmed its commitment to delivering strong shareholder returns and achieving net-zero emissions (scope 1 and 2, equity share) by 2040. Speaking at the company’s Investor Briefing Day in Adelaide, Managing Director and Chief Executive Officer Kevin Gallagher said Santos’ new Purpose –…
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