Santos boosts operated position across offshore Northern Australia
Santos today announced it had reached an agreement to align the company’s interests, under Santos operatorship, across four exploration permits in the Bonaparte Basin offshore Northern Australia adjacent to a large existing contingent resource. Santos’ position in the Bonaparte Basin already includes an 11.5% interest in the Bayu-Undan gas-condensate field and the Darwin LNG plant,…
Santos recognised at Asia Pacific Energy Awards in Singapore
Santos has been awarded two prestigious international industry honours at the Asia Pacific Energy Awards hosted by the Energy Council in Singapore last night. Managing Director and Chief Executive Officer Kevin Gallagher was awarded APAC Executive of the Year, and Santos’ acquisition of Quadrant Energy in November 2018 was recognised as APAC Deal of the…
2018 Fourth Quarter Activities Report
Record sales revenue and strong production Record quarterly sales revenue of $1,043 million, up 7% and including record quarterly LNG sales revenue of $449 million, up 11% Record annual sales revenue of $3,696 million, up 19% Fourth quarter production up 6% to 15.9 mmboe due to sustained strong performance from the core portfolio and acquisition…
Van Gogh infill project lifts Santos oil production
Santos today announced first oil from the Van Gogh infill project, marking the successful completion of the two-well program that will increase production from the field. The Van Gogh field is one of three subsea oil field developments located in the Exmouth Basin, offshore Western Australia, which tie into the Floating Production, Storage and Offloading…
Santos powers the Tour Down Under for another three years
Santos is delighted to announce that it will continue its long and proud association with the Tour Down Under, signing a new three year naming rights sponsorship deal. Santos Managing Director and CEO Kevin Gallagher announced the commitment at the Santos Tour Down Under Legends’ Night Dinner in Adelaide, honouring the stars of the cycling…
Narrabri natural gas set to power more homes and businesses in northwest NSW
The Wilga Park power station in northwest New South Wales will be able to power the equivalent of 6000 more local households thanks to a new flowline connecting nearby Santos natural gas appraisal wells near Narrabri. The new flowline from the Dewhurst South natural gas wells means Santos can beneficially use this gas for electricity…
Santos extends gas processing agreements with Beach and Senex
Santos today announced it has executed binding agreement extensions with Beach Energy and Senex Energy for gas processing and related gas liquids purchases at the Moomba gas facilities. The gas processing agreement extensions are expected to result in the production of up to 18 TJ of sales gas per day, or 20 PJ over the…
Santos awards $47m contract to SA crane company
Santos has signed a five year extension of its Cooper Basin crane operations contract with South Australian business Max Cranes. Max Cranes is a South Australian owned and managed crane provider, based in Port Augusta. The company employs 123 people in South Australia, with 27 directly supporting the Cooper Basin. This contract is a five…
Santos GLNG helps bring 4G phone and broadband to the Arcadia Valley
Patchy phone service and slow internet speeds should be a thing of the past for residents of the Arcadia Valley in Queensland’s Central Highlands with Telstra installing two new 4G mobile base stations, paid for by Santos and our GLNG partners. The first site at Castle Hill is now on air, with a second base…
Santos rolls out renewable energy in the Cooper Basin
Santos will reduce its production emissions with an Australian-first rollout of 100 per cent renewable energy to power its oil well operations in the remote Cooper Basin in South Australia and Queensland, following a grant from the Australian Renewable Energy Agency (ARENA). The project to convert beam pumps on oil wells to solar and batteries…
Santos awards new scholarship to build PNG resources capability
Santos today announced that Kumul Petroleum Holdings Ltd geologist Ivano Ivano from Port Moresby is the recipient of a scholarship to study a Masters degree in Petroleum Geoscience at the University of Adelaide in 2019, followed by three months operational training with Santos. The scholarship is part of a new partnership between Santos and the…
Bayu Undan infill program completed under budget and ahead of schedule
Santos today announced first gas from the third and final well of the Bayu Undan infill well program, and delivery of the whole project under budget and ahead of schedule. A final investment decision was made in January last year as part of the long-term development plan for the Bayu Undan gas/condensate project, located in…
Santos completes acquisition of Quadrant Energy
Santos today announced that it has completed the acquisition of Quadrant Energy (Quadrant). The effective date of the transaction is 1 January 2018. On completion Santos paid an amount of US$1.93 billion, comprising the purchase price of US$2.15 billion less completion adjustments and cash acquired. The completion amount was fully funded from Santos’ existing cash…
ACCC clears way for Quadrant Energy acquisition
Santos announced on 22 August 2018 the proposed acquisition of 100% of Quadrant Energy (Quadrant) for US$2.15 billion plus potential contingent payments. Santos today advised that the condition precedent for completion of the acquisition of Quadrant has been satisfied with the ACCC decision not to oppose the acquisition. Completion is expected to occur within weeks.…
Santos Shell JV wins new Queensland domestic gas acreage
Santos is pleased to have been appointed as preferred tenderer to explore new acreage in Queensland’s key gas-producing Surat and Bowen Basins, in a 50-50 joint venture with Shell. Santos is the designated operator and is delighted to be working in partnership with Shell to explore this exciting acreage. The PLR201718-2-5 licence covers approximately 400…
Santos targets production of more than 100 mmboe by 2025
Santos today outlined its plans to grow production to more than 100 million barrels of oil equivalent (mmboe) by 2025, almost doubling current levels of production. Speaking at the company’s Investor Day in Sydney, Santos Managing Director and Chief Executive Officer Kevin Gallagher said the successful delivery of the Transform-Build-Grow strategy presented to the market…
Santos signs new long term domestic gas supply deal with Brickworks
Santos is pleased to announce that it has signed a new long term natural gas supply agreement with Brickworks Limited for its east coast operations through to the end of 2024. This new supply agreement will provide Brickworks’ east coast operations with a flexible source of natural gas at competitive, stable, long term prices. The…
Santos signs new gas supply deal with Visy
Santos is pleased to announce it has entered into a new gas supply agreement with Visy to supply wholesale gas for its New South Wales operations. The agreement starts on 1 January 2019 and was awarded following a competitive process. “The new gas supply agreement with Santos provides certainty of gas supply in 2019 for…
Santos completes sale of non-core Asian assets
Santos announced in May 2018 the sale of its non-core Asian portfolio to Ophir Energy plc. Santos today advised completion of the sale of the producing assets has occurred.1 Santos has received cash proceeds of US$144 million at completion, which represents the sale price of US$221 million after standard adjustments including net free cash flows…
Santos donates almost $200,000 to help drought-affected farmers in Queensland, New South Wales
Australia’s natural gas company, Santos, is proud to support drought-affected communities in New South Wales, including the Narrabri region where we operate. Santos will donate a total of $75,000 to help NSW farmers and their communities, with the funds to be distributed by two organisations: Narrabri Lions Club “Why Leave Town” gift cards Foundation for…
2018 Half Year Report
View the 2018 Half Year Report incorporating Appendix 4D from the link below
Santos doubles half-year underlying profit to $217 million and reinstates dividends to shareholders
Santos today announced a doubling of half-year underlying profit to US$217 million and the reinstatement of dividends to shareholders
PNG LNG signs mid-term sales agreement with BP Singapore
Santos advises that the PNG LNG Project co-venturers have entered into a mid-term LNG sale and purchase agreement (SPA) with BP Singapore Pte. Limited (BPS), for the supply of LNG commencing in August 2018. The mid-term SPA is for supply of approximately 0.45 million tonnes of liquefied natural gas (LNG) per annum (mtpa) for the…
Santos accelerates Cooper Basin natural gas development with fourth rig
Santos is pleased to announce a fourth rig, the Ensign 965, has started operations in the Cooper Basin, as the company continues its drive to produce more Australian natural gas to supply the east coast domestic market. The rig will drill eight wells by the end of this year, starting in the Big Lake field…
Santos donates almost $200,000 to help drought-affected farmers in Queensland and New South Wales
Australia’s natural gas company, Santos, is proud to support the Queensland Drought Appeal, by donating the proceeds from the sale of Santos cattle at the Ekka today. The sale of 21 Santos cattle from our agricultural business in the Maranoa district raised $41,737. Santos will also kick in an extra $75,000, taking its total support…
Barikewa-3 confirms significant natural gas resource in PNG
Santos today announced the Barikewa-3 well, located in Papua New Guinea’s onshore Forelands region, intersected 25 metres of net gas pay within the Toro and Hedinia reservoir objectives. Reservoir quality exceeded pre-drill expectations and the appraisal well successfully intersected a gas-water contact in the Hedinia. A drill-stem test was carried out across the Toro interval…
PNG LNG signs mid-term sales agreement with PetroChina
Santos advises that the PNG LNG Project co-venturers have entered into a mid-term LNG sale and purchase agreement (SPA) with PetroChina International (Hong Kong) Corporation Limited (PCI), for the supply of LNG commencing in July 2018. The mid-term SPA is for supply of approximately 0.45 million tonnes of liquefied natural gas (LNG) per annum (mtpa)…
Young Indigenous students get a taste of engineering
Young Indigenous students from across Australia are this week benefitting from an interactive engineering camp in Adelaide, as part of a partnership between Santos and the University of Adelaide. A total of 29 students, including 18 female students – from Queensland, the Northern Territory, Western Australia and South Australia – are taking part in the…
Santos announces sustainable dividend policy
In line with Santos’ stated purpose to provide sustainable returns to our shareholders, the Board has approved a new Dividend Policy. Santos will look to pay ordinary dividends that are sustainable through the oil price cycle and will target a range of 10% to 30% payout of free cash flow1 generated per annum. Furthermore, given…
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