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.
|Well name||Basin/area||Target||Santos %||Status|
|Ranger 1||Cooper||Gas||60.1%||Gas discovery - Q1|
|Hector South 1||Cooper||Gas||60.1%||Q2|
|Okotoko North 1
|Barossa 5*||Bonaparte||Gas App||25%||Drilling ahead|
|Barossa 6*||Bonaparte||Gas App||25%||Q1/Q2|
|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.