Santos’ exploration strategy focuses on proven basins in Australia and South-East Asia and seeks to leverage our existing infrastructure in these basins. The strategy also targets selected frontier basins that offer low-cost entry and transformation potential.
Santos’ exploration strategy will continue to focus on providing material organic growth options to underpin the company’s ability to continue to develop hydrocarbons to market.
|Well name||Basin/area||Target||Santos %||Status|
||Carnarvon – WA||Gas||45||Drilling complete, evaluation ongoing|
|Merem-1 (Madura PSC)||East Java – Indonesia||Gas||67.5||Q1|
|Melewis-1 (Madura PSC)||East Java – Indonesia||Gas||67.5||Q1|
|Strickland-1 (PPL 269)*
||Papuan – PNG||Gas||30||Q1|
|Core hole program – 3 wells*
||McArthur – NT||Stratigraphic||75||Q3|
*Not operated by Santos.
The 2016 exploration portfolio is constantly being optimised, therefore the above program may vary as a result of farm-out, rig availability, drilling outcomes, and maturation of new prospects.