New strategy delivers 433% increase in underlying profit to US$336 million Santos Managing Director and Chief Executive Officer Kevin Gallagher said the company’s full-year results demonstrated a significant turnaround in business performance ahead of plan. “We have removed substantial costs, reported a material increase in underlying profit, generated significant free cash flow and reduced net…
Santos has today released its 2017 Annual Report. See below link.
Santos, the lowest cost onshore gas operator in Australia, today entered into a long-term agreement to supply natural gas to New Century Resources Limited, supporting jobs, investment and regional communities in northwest Queensland. Under the gas supply agreement, Santos will provide over the next four years around 9PJ of portfolio gas worth in the order…
Santos and our GLNG partners have signed an agreement to deliver 15 petajoules (PJ) of gas from our export portfolio into the Australian east coast domestic market in 2018. Santos holds a 30 per cent interest in GLNG. Fifteen PJ of gas is about 2 per cent of expected 2018 domestic demand and enough to…
Following a $6.8 million grant from South Australia’s PACE Gas program, Santos and our joint venture partners, Beach Energy and Lattice Energy, will invest in a $22.3 million heat-energy recovery system that will free up sales gas for the domestic market by reducing our own energy consumption at Moomba. The project will increase production revenue…
Santos today entered into an agreement to partially fund and operate a 3D seismic survey over the exciting, undrilled Beehive prospect, earning the company a farm-in option for WA-488-P in the Bonaparte Basin offshore Western Australia. The option will be acquired from Melbourne-based Melbana Energy. WA-488-P is located adjacent to Blacktip production infrastructure and within…
Santostoday announced it will acquire a 20 per cent equity in the PPL 339 licence in Papua New Guinea via a farm-in agreement with Kina Petroleum Limited. The license is located within the Aure Fold Belt, southeast of the Elk/Antelope fields in an area with active natural seeps and represents Santos’ first entry into this…
Accident and emergency health services at the Hela Provincial Hospital have been boosted with US$1M funding from Santos Limited and US$700,000 from Oil Search Foundation provided to the Hela Provincial Health Authority (PHA). A ground breaking ceremony was held in Tari to mark the construction of a high priority Accident and Emergency (A&E) Department for…
Santos today announced that it had entered a second contract to supply natural gas to the Wesfarmers Chemicals, Energy & Fertilisers (WesCEF). Under the agreement, Santos will supply up to 34 PJ of gas to WesCEF over 4 years. It follows an agreement last month to supply approximately 28 PJ of gas to WesCEF over…
In response to media speculation today, Santos confirms that it is not currently engaged in discussions with, and has not received a current proposal from, Harbour Energy regarding a change of control transaction for Santos. On 14 August 2017 Santos received a confidential, non-binding conditional and indicative proposal from Harbour Energy to acquire all the…
Santos today outlined how its new strategy had transformed the company into a business that generates significant free cash flow in the current oil price environment. Speaking at the company’s Investor Day in Sydney, Santos Managing Director and Chief Executive Officer Kevin Gallagher said the excellent progress on the Transform-Build-Grow strategy presented to the market…
Santos today announced that Keith Spence will succeed Peter Coates AO as Chairman in February 2018, at which point Mr Coates will retire from the Board. Mr Coates announced his intention to step down from the Board pending the recruitment of his successor at the Company’s AGM in May this year. Mr Spence will join…
Santos has released the 2017 First Half Shareholder Update.
To view this document please click on the link below.
Santos today announced that it has priced a US$800 million senior unsecured fixed rate bond transaction in the US Dollar Regulation S market. The bonds will be issued by Santos Finance Limited, a wholly owned subsidiary of Santos Limited, off the Company’s Euro Medium Term Note Programme (EMTN Programme), dated 30 August 2017. The bonds…
Santos today announced that, together with Origin, it had signed a new agreement continuing its support for the manufacturing industry through the supply of ethane gas to Qenos, Australia’s sole producer of polyethylene and a leading supplier of world class polymers. Under the agreement, Santos and Origin will supply an estimated 27 petajoules to Qenos…
Santos today announced that Santos and its GLNG joint venture partners will supply 30 petajoules (PJ) of gas to the east coast domestic market over 2018 and 2019. The gas, which would otherwise have been exported as LNG, is being sold to east coast customers including power companies. Santos Managing Director and Chief Executive Officer…
Santos today announced it had signed a location swap agreement facilitating the delivery of at least 18 PJ of gas per annum into the southern domestic market. Under the three year agreement (with an option to extend for a further year), which takes effect in January 2018, Santos will take delivery of gas at Wallumbilla.…
Underlying profit increased to US$156 million. Net loss of US$506 million, including previously announced US$689 million after-tax net impairment Strong delivery of the Santos turnaround. Costs reduced, sales volume guidance upgraded, stronger cash flows, free cash flow breakeven reduced to US$33 per barrel and net debt reduced to US$2.9 billion Managing Director and Chief Executive…
View the 2017 Half Year Report incorporating Appendix 4D from the link below.
Santos released its 2017 Half Year Results today. View the full presentation below.
Santos today announces it is exercising its option to redeem its Euro 1 billion Subordinated Notes (Notes) originally issued in 2010, on the first call date of 22 September 2017. The redemption is in-line with the company’s strategic focus on debt reduction, cost reduction and prudent capital management. The significant business turnaround Santos has undertaken…
Santos today announced it expects to recognise a non-cash net impairment charge of approximately US$690 million after tax in its 2017 half-year results to be released on 24 August 2017. In determining the carrying value of its assets, Santos considers a range of asset and macro assumptions, including oil price, exchange rates, discount rates, production…
Santos today announced it had signed an agreement with ENGIE in Australia for the supply of gas to the Pelican Point Power Station that will help support South Australia’s energy needs. The contract is for 15PJ, starting in January 2018. The contract will be fulfilled with a mix of GLNG gas and Santos portfolio gas.…
Santos today announced the appointment of Philip Byrne as Executive Vice President Marketing and Trading. Mr Byrne, who will commence on 14 August 2017 and will be a member of the Santos Executive Committee, will take charge of Santos’ new Marketing and Trading Division as part of his responsibilities. Mr Byrne will transition into the…
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 Computershare Investor Services Pty Limited to: Boardroom Pty LimitedLevel 12, 225 George Street Sydney NSW 2000 GPO Box 3993Sydney NSW 2001 Telephone: 1300 096 259International: +61 9290 9600Fax: (02) 9279 0664 Email:…
Santos today announced it will continue its support for the Tour Down Under (TDU), re-signing as the naming rights partner for the next two years. Santos Managing Director and CEO Kevin Gallagher, said the company had a long history with the TDU as naming rights sponsor since the 2010 event and was pleased it would…
Santos today announced positive results from the two-well appraisal drilling campaign in the Barossa field, strengthening the field’s position as lead candidate to supply backfill gas to Darwin LNG. Well logs and pressure data from the Barossa-5 and Barossa-6 wells confirm that the primary Elang reservoir section is gas saturated and in pressure communication with…
Santos today announced a strategic relationship with existing shareholders ENN Group (ENN) and Hony Capital (Hony). ENN and Hony are associated shareholders of Santos with an aggregate relevant interest of 15.1% of Santos shares. The strategic relationship will become effective and remain in effect for so long as ENN and Hony have a relevant interest…
Managing Director and CEO Kevin Gallagher has today delivered the keynote speech to the American Chamber of Commerce in Sydney, highlighting Santos’ unique position as an Australian industry leader, contributing to Australia’s ongoing economic growth for over 60 years.
The presentation and speaking notes are available below.
Santos today announced positive production well test results from the Muruk 1ST3 exploration well in the Papua New Guinea Highlands. The production test was undertaken to assess reservoir productivity and recover hydrocarbon samples over the gas saturated Toro Sandstone interval, between 3,968 metres to 4,065 metres. The well flowed gas and condensate at a rate…
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