Santos USA Corporation announced today that it is well placed to expand its interests by up to 9 exploration blocks in the Central Gulf of Mexico. This follows bidding in the US Offshore Continental Shelf Lease Sale No. 166 which was conducted by the US Federal Government on 5 March 1997 in which Santos USA…
1996 FOURTH QUARTER REPORT Fourth Quarter Highlights The following results were achieved compared with the 1995 fourth quarter: Sales revenue increased by 24.4% to $207.2m (a record level of quarterly revenue) Sales volumes increased by 10.0% to 9.9 million boe (fourth quarter record) Production volume increased by 8.8% to 9.8 million boe (fourth quarter record)…
MOODY’S INVESTORS SERVICE ANNOUNCES SANTOS DEBT RATING UPGRADE Santos announces that Moody’s Investors Service has upgraded Santos Finance Limited’s commercial paper rating from Prime-3 to Prime-2. Santos Finance Limited is a wholly owned and guaranteed subsidiary of Santos Limited. This follows Standard & Poor’s recent report which maintains Santos’ long term debt rating…
Santos South East Asia Business Unit Created Following Completion of MIM Oil & Gas Acquisition On 23rd September 1996, Santos announced its intention to acquire the oil and gas business of MIM Holdings Limited (excluding interests in Queensland and the Bonaparte Basin). The acquisition was subject to the granting of regulatory approvals and satisfaction of…
Santos Ltd advises that the UK Block 22/22c-3 well, 128 miles east of Aberdeen, has been suspended pending further evaluation following oil shows. The original wellbore, 22/22c-3, was drilled by the semi-submersible drilling rig Sedco Explorer in 307 feet of water to a total depth of 9,235 feet. The well encountered shows of hydrocarbons in…
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