Exploration and Appraisal Strategy

Santos’ core exploration and appraisal strategy focuses on proven basins in Australia and PNG and seeks to leverage our existing infrastructure in support of our five core, long-life natural gas assets.

The exploration strategy also targets selected frontier basins that offer low-cost entry and transformation potential that may, given success, translate into a future long life producing asset.

The program in our 'non-core' acreage will seek to maximise value from these assets and these will be managed as a stand-alone business. 

2017 Exploration and Appraisal Drilling

Well nameBasin/areaTargetSantos %Status
Core acreage
Muruk 1* PNG Gas 20%^

Gas discovery
Commenced drilling in 2016
Drilling completed in 2017
Appraisal (via side-tracks) under way

Ranger 1 Cooper Gas 60.1% Gas discovery - Q1
Gallan 1 Cooper Gas 60.1% Q2
Hector South 1 Cooper Gas 60.1% Q2
Cougar 1 Cooper Gas 60.1% Q2
Snefru 1 Cooper Gas 60.1% Q3
Okotoko North 1
Cooper Gas 60.1% Q3
Jambalaya 1 Cooper Oil 100% Q4
Barossa 5* Bonaparte Gas App 25% Drilling ahead
Barossa 6* Bonaparte Gas App 25% Q1/Q2
Non-core acreage
Magnama 2 Bangladesh Gas 51% P&A - Sub-commercial gas discovery
Bestari 3* Malaysia Oil App 20% Q3

*Not operated by Santos.
^ Subject to government farm-in approval and pending commercialisation, government back-in

The 2017 exploration and appraisal 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.