Record sales revenue and free cash flow Delivered record year-to-date sales revenue of US$5.9 billion, up 86 per cent, and record free cash flow of US$2.7 billion, up 194 per cent on the corresponding period Third quarter production of 26.1 mmboe was slightly higher than the second quarter primarily due to increased domestic gas demand…
Santos welcomes the finalisation of the Heads of Agreement released by the Australian Government today. The Agreement has no adverse impact on Santos or the GLNG project. The Agreement between the Australian Government and the east coast LNG exporters ensures that the LNG exporters’ uncontracted gas will first be offered to the domestic market before…
Santos notes today’s decision by Justice Bromberg of the Federal Court to set aside the acceptance by the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) of an environmental plan covering the drilling and completion activities in relation to the Barossa Gas Project. The relevant drilling activities were to occur at a site in…
Santos notes media speculation today regarding a potential selldown by ENN of a 9.97 per cent stake in Santos.
ENN lodged a notice of ceasing to be a substantial shareholder in Santos with ASX on 22 April 2022, disclosing that their shareholding had dropped below 5 per cent. A copy of the notice is attached to this release.
Santos has been awarded permits to undertake evaluation and appraisal work for the potential storage of carbon dioxide in the offshore Carnarvon and Bonaparte basins, off the coast of Western Australia, the company announced today. Permits G-9-AP and G-11-AP will enable Santos to pursue potential carbon capture and storage (CCS) opportunities with its joint venture…
Santos today announced it had executed documentation to amend and extend its two syndicated bank loan facilities totalling US$1.25 billion. The facilities comprise a US$250 million fully-revolving loan maturing in August 2025 and a US$1 billion fully-revolving loan maturing in February 2028. The loans bear a floating interest rate over the Secured Overnight Funding Rate…
Santos, as operator of the Barossa joint venture, today announced a final investment decision (FID) has been taken to proceed with the Darwin Pipeline Duplication Project, located offshore the Northern Territory. The decision will extend the Barossa Gas Export Pipeline to the Santos-operated Darwin LNG (DLNG) facility and allow for the repurposing of the existing…
Santos announces Pikka FID and net-zero project plans Highlights Expected production 80,000 barrels a day gross with first oil anticipated in 2026 2P reserves 397 million barrels gross pre-royalties Capex US$1.3 billion Santos-share ~19% IRR at US$60 long-term oil price Santos committed to a net-zero project (scope 1 and 2, equity share) Strong support from…
Santos reports record first half free cash flow and underlying earnings, and higher shareholder returns Highlights Underlying profit[1] US$1,267 million, up 300% Statutory net profit after tax US$1,167 million, up 230% EBITDAX[1] $2,731 million, up 122% Free cash flow[1] US$1,708 million, up 199% Annual merger integration synergies target increased to US$110-125 million US$605 million in…
Santos has acquired Hunter Gas Pipeline Pty Ltd which owns an approved underground gas pipeline route from Wallumbilla in Queensland to Newcastle in New South Wales. The underground pipeline route passes close to Santos’ Narrabri Gas Project and our goal is to work with infrastructure developers and owners to construct the pipeline and deliver much-needed…
Record first half sales revenue and free cash flow Delivered record first half sales revenue of US$3.8 billion, up 85 per cent, and record free cash flow of US$1.7 billion, up 199 per cent on the corresponding period Second quarter production of 25.5 million barrels of oil equivalent (mmboe) was slightly lower than the first…
Santos, Western Australia’s biggest domestic gas supplier, is pleased to announce it has entered into new gas supply agreements with Yara Pilbara Fertilisers Pty Ltd (Yara) to supply natural gas to Yara’s liquid ammonia plant on the Burrup Peninsula in Western Australia. Santos will supply over 120 petajoules of natural gas over five years, starting…
Santos Chair Mr Keith Spence and Managing Director & CEO Mr Kevin Gallagher have addressed the 2022 Santos Annual General Meeting held Tuesday, 3 May 2022.
Attached is a presentation on Santos’ 2022 Climate Change Report which will be used at an investor briefing today commencing at 10:00am AEDT.
The presentation should be read in conjunction with Santos’ 2022 Climate Change Report released to the ASX on 30 March 2022.
Today’s briefing will be webcast live on Santos’ website at www.santos.com
Santos today announced the Pavo-1 exploration well has confirmed a significant oil discovery 46 kilometres east of the Dorado field in the Bedout Sub-basin, offshore Western Australia. The well was drilled on the northern culmination of the greater Pavo structure and encountered a 60-metre gross hydrocarbon column in the primary Caley member reservoir target. Wireline…
The Santos 2022 Climate Change Report Investor Briefing will be held on Thursday, 31st March 2022 at 10:00am AEDT
The live webcast can be accessed by clicking here.
2021 Full-year results video
Santos reports record free cash flow and underlying earnings, and higher final dividend Full-year (US$m)20212020Change Production (mmboe)92.189.03% Sales volume (mmboe)104.2107.1-3% Product sales revenue4,7133,38739% EBITDAX [1]2,8051,89848% Underlying profit [1]946287230% Net profit/ (loss) after tax658(357)284% Free cash flow [1]1,504740103% Final dividend (UScps)8.55.070% Santos today announced its full-year results for 2021, reporting record free cash flow of US$1.5…
Santos today announced that Oil Search non-executive directors Eileen Doyle, Michael Utsler and Musje Werror will join the Santos Board as independent non-executive directors. Dr Doyle’s career spans the building materials, infrastructure, industrials and logistics sectors, including senior operational roles at BHP Group Limited and CSR Limited and culminating in her appointment as CEO of…
Santos notes the announcement from Moody’s Investors Service (Moody’s) assigning Santos a Baa3 credit rating with stable outlook. The investment grade rating from Moody’s adds to Santos’ existing investment grade ratings from Fitch Ratings and S&P Global Ratings. Moody’s noted Santos’ investment grade credit profile is supported by the improved size and scale of its…
Santos today announced Anthea McKinnell will become Chief Financial Officer from 1 January 2022, replacing Anthony Neilson who has held the role since December 2016. Mr Neilson will stay with the company as Chief Commercial Officer initially based in Sydney, where he will play a key role in overseeing the transition of the Oil Search…
In accordance with Listing Rule 3.15.1, please be advised that the registry management services relating to Santos Limited are to be transferred from BoardRoom Pty Limited to: To: Computershare Investor Services Pty Limited Level 3, 60 Carrington Street Sydney NSW 2000 GPO PO Box 2975 Melbourne VIC 3001 Telephone: 1300 096 259 International: +61 3…
Santos is pleased to announce that it has listed today on the official list of the PNGX, Papua New Guinea’s National Stock Exchange, following approval by the Board of PNGX of Santos’ listing application as an exempt foreign entity. The listing of Santos’ shares on PNGX relates to Santos’ merger with Oil Search Limited (Oil…
Santos today announced it had received the necessary clearance from the Independent Consumer and Competition Commission (ICCC) of Papua New Guinea in order to implement the proposed merger with Oil Search. The condition set out in clause 3.1(e) of the Merger Implementation Deed released to ASX on 10 September 2021 has now been satisfied. The…
Santos today announced it had received the necessary Approval Letter and Exemption Notice from the Securities Commission of Papua New Guinea in order to implement the proposed merger with Oil Search.
The condition set out in clause 3.1(d) of the Merger Implementation Deed released to ASX on 10 September 2021 has now been satisfied.
Record sales revenue and record free cash flow Strong base business performance and improved commodity prices delivered record quarterly sales revenue of US$1.14 billion, up 6%, and record quarterly free cash flow of US$359 million, up 33% Gross Bayu-Undan production was higher in the quarter due to the successful start-up of the first well in…
Santos welcomes the judicial review decision of the NSW Land and Environment Court on the Narrabri Gas Project, upholding the decision of the NSW Independent Planning Commission. Santos now looks forward to getting on with our work in regional New South Wales to create jobs, drive investment and bring long term energy security to the…
Santos today announced it had signed a binding long-term LNG Supply and Purchase Agreement (SPA) with Diamond Gas International Pte Ltd (DGI), a wholly-owned subsidiary of Mitsubishi Corporation (Mitsubishi), for the supply of LNG from the Barossa project. The long-term SPA is a contractual commitment for the supply and purchase of 1.5 million tonnes per…
Santos today upgraded its 2020 production guidance to 87-89 million barrels of oil equivalent (mmboe) and lowered its production cost guidance to $8.00-8.50/boe. The upgrade in production guidance, from 83-88 mmboe, is due to strong operating performance across the base business and represents 15-18 per cent production growth for the year and more than 50…
Santos today announced it has executed documentation to enter into a new US$750 million syndicated bank loan facility. The facility was approximately three times oversubscribed, receiving strong support from a mix of existing and new relationship banks. The new five and a quarter-year facility will mature in January 2026, extending Santos’ weighted average term to…
30 / 270
Load more