Santos is focused on backfilling and sustainably growing production to optimise existing infrastructure and leverage our access to Asian markets. Santos will maintain disciplined growth through rigorous assessment and phased capital allocation.
LNG
Northern Territory, Australia
The Santos-operated Barossa gas project, located in Commonwealth waters approximately 285 kilometres offshore northwest from Darwin in the NT, is an offshore gas and condensate project that aims to provide a new source of gas to the existing Darwin LNG facility in the NT. The project, which will be net-zero reservoir emissions from day one, is expected to deliver first gas in Q3 2025.
Papua New Guinea
Subject to sanction, the Papua LNG* project is proposed to see the development of the Elk-Antelope gas field located in PRL 15 licence in the Gulf Province, onshore PNG. The Papua LNG project is well positioned to contribute to growth in LNG supply worldwide. The Papua LNG joint venture is committed to developing a landmark project in terms of sustainability, biodiversity and low carbon emissions. In 2024, TotalEnergies, as operator, announced it is reviewing the structure of some contractor packages and broadening those to bid.
*Subject to Final Investment Decision (FID), Government and regulatory approvals.
Papua New Guinea
The APF tie-in Project, involves developing associated gas from Santos operated Agogo and Moran oil fields delivering up to 125 mmscf/d gross into PNG LNG, with future optionality, targeting FID ready in 2026.
Papua New Guinea
P’nyang is an unsanctioned, discovered conventional resource with potential to backfill into PNG LNG. The project is progressing through the concept select phase. Gas and Fiscal Stability Agreements have been executed with regard to the project.
Northern Territory, Australia
The Beetaloo Sub-Basin, part of the greater McArthur Basin, is estimated to contain more than 200 TCF of gas in-place^. A drilling appraisal program is planned for 2026. This basin provides large and scalable supply for tight, well-priced Eastern and Northern LNG export and domestic gas markets. It is in a supportive jurisdiction with a published plan for development of the resource*. A memorandum of understanding was executed with Tamboran Resources to complete a joint study on gas export options for Beetaloo through DLNG expansion up to approved nominal 10 Mtpa capacity.
^Munson TJ, 2014. Petroleum geology and potential of the onshore Northern Territory, 2014. Northern Territory Geological Survey, Report 22.
*Northern Territories Strategic Basin Plan (https://www.industry.gov.au/publications/beetaloo-strategic-basin-plan).
Integrated oil and gas
Alaska, USA
The Pikka phase 1 project in Alaska will include a single drill site, an oil processing facility and other infrastructure to support production of 80,000 (gross) barrels of oil per day at full production rates. The world-class project is the most significant development on Alaska’s North Slope in more than 20 years. Pikka phase 1 project aims to be net-zero (equity share) Scope 1 and 2 emissions from first oil.
New South Wales, Australia
Subject to sanction, Santos’ Narrabri gas project^ is proposed to deliver 100 per cent of gas to the domestic market. Once completed, the project could supply up to half of NSW’s natural gas needs, delivering energy security for the region and putting downward pressure on gas and electricity prices for households, manufacturers and businesses. The project would bring significant economic benefits to Narrabri and the surrounding region. It involves the production of natural gas through the progressive development of up to 850 wells connected into processing facilities south of Narrabri.
Find out more about the Narrabri gas project here
^Subject to Final Investment Decision (FID), Government and regulatory approvals.
Western Australia, Australia
The Bedout Basin is proposed to be an integrated gas and liquids project. To date five fields have been discovered. Net 2C contingent resource of 230 mmboe is booked as at 31 December 2024. Two gas exploration wells are proposed to be drilled in 2026.
Alaska, USA
Pikka future phases provide an opportunity to leverage existing infrastructure to grow production on the North Slope. Pikka phase 2 would utilise existing phase 1 infrastructure: roads, export pipeline, seawater supply, camps and processing facilities.
