Santos’ 2005 exploration program is the most prospective since the Company’s inception half a century ago, according to Managing Director, Mr John Ellice-Flint. Mr Ellice-Flint’s upbeat outlook for the year ahead – a period in which Santos for the first time will drill more wildcat wells overseas than in Australia – is contained in the…
Santos Limited today embraced the Festive Spirit by unveiling, arguably, Australia’s most expensive “Christmas trees” – valued at about $7 million apiece. The two “Christmas trees” – which is what the petroleum industry calls the subsea well control equipment associated with the subsea production system – are an integral part of the $200 million Casino…
Santos Limited (Santos) advises that the Australian Stock Exchange (ASX) has granted Santos a waiver from Listing Rule 7.1 to permit Santos to calculate the number of equity securities that it may issue without prior shareholder approval following the issue of the franked, unsecured, equity-listed securities (FUELS) and the buyback, redemption, and cancellation of reset…
Santos Limited today announced that it is on track to increase gas supplies from the Moomba gas plant in central Australia following the incident on 1 January 2004. On 8 January the Company announced Stage 3 of the Moomba recovery plan which was targeting daily gas production of 450 terajoules per day (TJ/d) within 6-8…
Santos Limited has appointed Mr Peter Wasow to the new position of Chief Financial Officer.Mr Wasow was previously Santos Executive General Manager, Finance and Accounting, having joined the company in 2002 after a 23-year career with BHP Billiton in Australia and overseas including postings in the United States. Since joining Santos, Mr Wasow has made…
Santos Limited and the other South West Queensland Gas Producers have, in principle, secured sales of a combined total of up to 17 petajoules (PJ) in 2004.These new sales are with TXU Electricity Limited (TXU) and Origin Energy Retail Ltd (Origin). The new gas sales to TXU are the first direct sales from the Cooper…
Santos Ltd announces the sale of the subsidiaries holding its 61.1% operated interests in the Bentu and Korinci-Baru Production Sharing Contracts (PSC) in Central Sumatra, Indonesia.Divestiture of these subsidiaries is in line with company strategy of focusing its Indonesian activities in East Java. Santos has accepted offers from Asian Worldwide Group Ltd for the Bentu…
Santos Limited as operator on behalf of the VIC/P44 Joint Venture will this week conduct a production test of the Casino-3 well in the offshore Otway Basin following the successful drilling of the appraisal well. Last week, Casino-3 intersected a 20-metre net gas column in the target Waarre sandstone. Over the weekend wire-line log, formation…
Santos Ltd today announced that, having regard to the Independent Experts Report and recommendation of the Independent Director of Oil Company of Australia Ltd (OCA), it intends to accept the off-market take-over offer by Origin Energy Ltd of $4.25 per share for the remaining 11,793,140 shares Santos holds in OCA. Pursuant to a pre-bid agreement,…
Santos Ltd announces that the Apache operated East Spar Joint Venture has signed a new sales gas contract with Alinta Ltd to supply up to 90 petajoules of gas from the East Spar Gas Field in the Carnarvon Basin, offshore Western Australia.The gas will be supplied to fuel Alinta’s new gas-fired co-generation unit, in Pinjarra,…
In response to media queries today, Santos Ltd advises that it did not pursue a bid for ExxonMobils subsidiary, Delhi Petroleum. Santos is currently satisfied with its position as operator and 60% interest-holder in the Cooper Basin assets. Our corporate focus is on maximising returns from these interests and developing our other flagship projects in…
Santos Limited announces that it has been awarded additional exploration acreage in the off-shore East Java Basin by the Indonesian government. The new Production Sharing Contract (PSC) area, North Bali 1 is located east of Java and north of the island of Bali. The block covers 3,449 square kilometers in water depths ranging from 100…
Santos Limited has expanded its deepwater acreage in the offshore Otway Basin having been awarded its sixth operated exploration permit in the area.Santos (50% and operator), in joint venture with independent US oil company, Unocal (50%), has been awarded exploration permit T/35P in the Tasmanian portion of the offshore Otway Basin. T/35P is located immediately…
Santos Limited and the other south-west Queensland Gas Producers (Producers) have signed a new gas contract with Pasminco Century Mine Limited for Cooper Basin gas. Gas sold by the Producers will be delivered to the Mount Isa Power Station which will generate power for the Century Mine at Lawn Hill in north-west Queensland. Under the…
Santos Limited (through its wholly owned subsidiary Santos (Sampang) Pty Ltd) and its joint venturers are set to secure a slice of the developing East Java gas market following the signing of a new long term agreement to sell over 90 billion cubic feet (BCF) of gas.Santos and its joint venturers have signed a Gas…
Santos Ltd has, subject to the satisfaction of certain conditions, agreed to accept an off-market take-over bid of $4.25 per share announced by Origin Energy Limited (Origin) for Oil Company of Australia (OCA) in respect of 2.9 million shares in OCA held by the Santos Group.Apart from Santos commitment for 2.9 million OCA shares, the…
Santos Limited today reported record daily production from the Legendre oil field in permit WA-20-L off Western Australia. The higher output is expected to increase Santos oil production by an average of 2,250 barrels per day for the remainder of 2003. Operated by Woodside Energy Ltd., the Legendre field achieved its record result of 48,481…
Santos Limited is set to formally join the world Liquefied Natural Gas (LNG) market and add more than three million barrels of oil equivalent to its annual production following signing of final approvals for the giant Bayu-Undan gas development by the Timor Sea Designated Authority.This project, involving Timor-Leste and Australia, will be the first cross-border…
Santos Limited announces that it has taken up a 20 per cent non-operated interest in two deep-water exploration permits off-shore Indonesia.This is a continuation of Santos strategies to add higher impact exploration acreage and build its South East Asian energy business. The Popodi and Papalang Production Sharing Contract (PSC) areas lie in the deepwater portion…
The Titan BP 1 well was plugged and abandoned after reaching a total depth of 791 metres. It intersected 49 metres of gross gas charged sandstones of the Tawun Formation containing 75% carbon dioxide and 25% natural gas. The well is located 100 kilometres northeast of Kepodang Gas Field and 160 kilometres from Surabaya, East…
Major Australian oil and gas group, Santos Limited announces the opening of a new Perth office for the development of its Mutineer and Exeter oil discoveries in the Carnarvon Basin. The Mutineer and Exeter fields, with combined reserves in the range of 70 to 196 million barrels of oil, were confirmed during 2002 and are…
Santos Limited has increased its gas resources in Western Australia’s offshore Carnarvon Basin with a successful appraisal of the John Brookes gas field in permit WA 214-P.Santos said the Thomas Bright-1 exploration well had upgraded the gross resource potential of the John Brookes field to up to 1000 petajoules (PJ) of gas. Santos Managing Director,…
Santos Limited is pleased to report the signing of a Native Title Act agreement with the Yandruwandha/Yawarrawarrka People, as a key step in obtaining a new exploration permit (CO2000-G), south of Moomba.Santos will initially hold 100% equity in this new permit, which covers an area of 962 km2. “The agreement means that the Yandruwandha/Yawarrawarrka People…
Santos Limited says cleanup operations continued overnight at the Lytton oil spill east of Brisbane. A substantial amount of the free oil left on the surface after yesterdays spillage from the Moonie to Brisbane pipeline, has been removed. We estimate that about 800,000 litres of fluid the bulk of it oil but also containing some…
Santos Limited advises that overnight a leak was discovered in the Moonie to Brisbane pipeline, which resulted in an oil spill, 500 metres from the Lytton Terminal, located 15 kms east of Brisbane. The spill, into a paddock, is approximately 7,000 barrels and is estimated to cover approximately two hectares. The area has been evacuated…
In response to the article appearing in todays Australian Financial Review entitled Santos in line to buy PNG assets, Santos advises that, whilst it does not generally comment on press speculation, the Company has not made an offer, not made a bid and not negotiated with ChevronTexaco for their Papua New Guinea assets.
Santos Limited says the cleanup operations resulting from the Lytton oil spill are well underway. The Company plans to have the bulk of free surface oil resulting from todays leak from the Moonie to Brisbane pipeline, removed by later tomorrow. It is expected to be another day or so, however, before Santos personnel are able…
The Board of Directors of Santos Limited, one of Australias leading oil and gas companies, will meet this week in Darwin.Santos Chairman, Mr Stephen Gerlach, said the decision to hold the Board meeting in the Northern Territory reflected the importance of northern Australia as a key growth area for the oil and gas group. “This…
Santos Limited today announced that the Mereenie Joint Venture parties had renewed the Mereenie Land Rights agreement with the Traditional Owners of the Mereenie gas field and adjacent areas, 250 kms west south-west of Alice Springs.The renewed Mereenie Agreement was signed today at a ceremony at the Kutpitjara School to the north of Mereenie. The…
Santos Ltd advises that on Saturday 25 January a section of the Moomba Gas Plant flare system was damaged during planned maintenance.The Plant was subsequently shut down to enable repairs to be undertaken, resulting in the curtailment of gas production. Repairs have since been satisfactorily completed and gas production recommenced on Monday 27 January. The…
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