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Summary

Successful Flow Test Maleo-1

Santos Ltd announces that its wholly owned subsidiary, Santos (Madura Offshore) Pty Ltd, as Operator of the Madura Offshore PSC situated south east of Madura Island, East Java, has conducted a successful flow-test of the Maleo-1 exploration well.

The final measured flow rate was 382,291 cubic metres per day (13.5 million cubic feet per day) through a 32 millimetre (80/64th inch) choke at a well head tubing pressure of 2,868 Kilopascals (416 pounds per square inch). The test was conducted over the interval 562 to 590 metres (1844 to 1936 feet).

Resource potential is assessed as being within the range 200 to 450 billion cubic feet.

Participants in the Madura Offshore PSC are Santos (Madura Offshore) Pty Ltd (Operator) (75%) and Talisman (Madura) Ltd (25%).

Maleo-1 is located approximately 140 kilometres east of Surabaya and 30 kilometres south east of Madura Island in 58 metres of water.