2011 Full-year results David Knox Managing Director & CEO 2011 delivery Target Delivery Safety TRCFR 3.3, best performance in company history Production 47.2 47 2 mmboe mmboe, within guidance range Projects delivered on plan…
Safety A balanced focus on personnel and process safety Personnel safety Process safety TRCFR performance Safety critical compliance long-term trend (employees and contractors) Total recordable ccase frequency rate (per 7…
Working with local landholders and communities Australias largest domestic gas producer, Santos has a 50-year track record of safe, sustainable operations We W are committed itt d tto working ki with ith llocall llandholders dh…
Production impacted by GLNG sell down Production mmboe 60 59.1 54.4 54.4 51-55 49.9 50 47.2 40 30 20 10 0 2007 2008 2009 2010 2011 2012 guidance 2011 production impacted by 15% sell-down of GLNG (1.9 mmboe), flooding…
Production costs increased by 4% m Cash production costs 700 m 610-640 600 543 556 532 537 500 449 400 300 200 100 0 2007 2008 2009 2010 2011 2012 guidance 2011 costs higher due to flood recovery in the Cooper…
Operating cash flow remains strong Operating cash flow m 1,500 1,385 m 1,273 2 3 1,253 1,214 1,200 1,155 900 600 300 0 2007 2008 2009 2010 2011 Consistent cash flow generation from the base business 15…
7.5 billion of funding capacity Balance sheet capacity to fund execution of business strategy and minimise financing risk Available liquidity Debt maturity profile A billion A million 8 1,800 7 1,600 6 1,400 1,200 5 1,000 4…
2011 Full-year results David Knox Managing Director & CEO Santos vision and strategy LNG markets LNG CHANNEL DOMESTIC CHANNEL Focused Strong Asian A leading g Australian growth energy base company in Australia…
Delivering 80-90 mmboe of production by 2020 Reindeer and Wortel now producing; Fletcher Finucane sanctioned Upside potential Aust: Cooper shale, Amadeus, Zola, Production Winchester, Sole LNG: PNG LNG T3, Browse, Caldita/Barossa…
High-impact WA campaign in 2012 Exciting drilling campaign, including three offshore Santos- operated rigs Territory of Ashmore & Cartier Browse Basin gas Islands Legend Indian Exploration - Crown Santos acreage Ocean Northern Oil…
Cooper infill: 6-well pad underway Undrilled slots 6 well slots prior to rig mobilisation 25 Cooper unconventional Unconventional resource gas plays to be explored in 2012 Moomba field Moomba 191 shale gas well…
GLNG project First LNG exports expected in 2015; construction progressing well 7.8 7 8 mtpa, mtpa US16 billion two two-train train project Santos operator and 30% equity interest Recent activities include: Two deliveries of gas…
GLNG material offloading facility, Curtis Island 1 February 2012 29 PNG LNG project On track for start-up in 2014 6.6 mtpa, US15.7 billion two-train development, operated by ExxonMobil Santos 13.5% equity Project…
PNG LNG plant construction 31 Growth in Indonesia Wortel delivered on-budget; growth opportunities Wortel delivered in January 2012, on-budget on budget Wortel Extends economic life of Oyong Madura Island Gas prices in…
Vietnam next steps Dua oilfield Chim So online in October 2011, Chim So north-west oil discovery Dua production 25,000 bbl/day development Chim So NW to be drilled in Q3 2012 area Explore upside potential of Chim So Chim So…
2011 Full-year results 17 February 2012 Reference slides 18
Production cost and cost of sales Cash production costs Total cost of sales m m 600 1600 550 Third party 1400 162 product 229 500 purchases 450 1200 400 1000 350 300 800 Cost of 537m 556m 1,300 produced 250 1,333 600…
2012 exploration schedule Santos Well Name Basin / Area Target Timing Interest % Tardrum Bowen CSG 50 Successful Beam 1 Beam-1 Carnar on Carnarvon Gas 45 Q1 Hoss-1 Carnarvon Oil 37.3 Q2 Indonesia CSG South Sumatra CSG 60 Q2/Q3 Chim…