Santos A leading energy company in Australia and Asia Australias largest domestic gas producer 2012 production 142,000 boe/d (75% gas/25% liquids) Bay of Bengal Top-20 Australian Securities Phu Khanh Basin Exchange listed…
Santos vision and strategy LNG markets Dual channel strategy LNG channel Domestic channel Strong Focused Australian Asian A leading base growth energy company in Australia and Asia A leading gas producer in…
Delivering 80-90 mmboe of production by 2020 from already captured opportunities Upside potential Aust: Cooper shale, Cooper tight gas, Zola, Winchester, Amadeus, McArthur LNG: PNG LNG expansion, Browse Asia: Vietnam, Indonesia CSG,…
Santos portfolio transformation becoming a reality Clear growth outlook to 2016 and beyond Production 2014 Dua, Peluang, PNG LNG growth 2015 GLNG Revenues increasingly oil price linked Margin Clear evidence of rising Australian…
Unprecedented growth in Eastern Australia gas market is driven by LNG exports Eastern Australia gas demand PJ/a 3,000 3 fold demand growth from today 2,500 Proposed LNG 2,000 1,500 Sanctioned LNG 1,000 500 Domestic…
Santos is uniquely placed with upstream assets in each major gas producing basin Santos has over 10 TCF of gas reserves and resources in Eastern Australia Strong infrastructure position is a clear commercial advantage Owner and…
Santos LNG Portfolio interests in four projects Darwin LNG (Santos 11.5%) PNG LNG (Santos 13.5%) Production since 2006 First LNG expected in 2H 2014 Operator: ConocoPhillips Operator: ExxonMobil GLNG (Santos 30%) Bonaparte LNG…
New sources of supply will be required to meet robust global demand for LNG mtpa Global LNG demand and supply 500 Pacific Basin Demand 400 Atlantic Basin Demand 40 trains Global Contracted Supply & Contract Rollovers 300…
US LNG exports are not expected to overwhelm the market Global LNG demand vs US LNG supply in 2025 mtpa 500 400 100 mtpa Contestable 166 Market US LNG 300 40-60 mtpa 200 Contracted supply and contract 287 rollovers…
Santos LNG projects are fully contracted with major Asian buyers at oil-linked prices Darwin LNG PNG LNG GLNG Contracted to 2023 Contracted to 2034 Contracted to 2035 3.4 mtpa Santos share of long-term, oil-linked contracts in…
PNG LNG is over 90% complete and on track for first LNG in the second half of 2014 Location Papua New Guinea Project Santos 13.5%, ExxonMobil 33.2% and participants operator, Oil Search, Nippon Oil, State of PNG Project scope Upstream…
Construction at Hides is progressing to plan Hides 14 Gas Conditioning Plant
Commissioning underway at the PNG LNG plant; future expansion potential LNG plant 15 site, Caution Bay
GLNG is over 65% complete and on track for first LNG in 2015 Location Queensland, Australia Project Santos 30% and operator, participants PETRONAS, Total and KOGAS Project scope Upstream CSG fields Arcadia Area 420-km pipeline…
GLNG - CSG drilling Nine drilling rigs and four completion rigs 200th well for 2013 spudded in early October Average 2013 drilling and completion costs of 1.4 million per development well Average drilling cost of 1.1 million…
GLNG - Upstream construction well progressed at Fairview and Roma Fairview 18 Hub 4
GLNG Gas transmission pipeline on track for completion in 2Q 2014 420 kilometres of 42 pipe Clearing and grading complete Over 95% welded Over 70% buried Pipeline19stringing
Significant progress at the GLNG plant site, Curtis Island Curtis Island, 20 Queensland
GLNG both tank roofs raised and LNG module installation underway LNG jetty LNG tanks LNG Trains21 1 and 2 Train 1 propane condenser module
Bonaparte LNG proposed floating LNG currently in concept definition stage Santos (40%) and GDF SUEZ (60%, Operator) Development of Petrel, Tern and Frigate fields located 250km west of Darwin in the Timor Sea Floating LNG…
Material exploration program underway in key basins Nam Con Son Hon Khoai-1 Cooper Browse Basin unconventional 2012 Crown discovery REM shale Bassett West discovery Nappamerri Trough Dufresne-1 drilling ahead Carnarvon…
Browse Basin Crown and Bassett West successes; Dufresne drilling ahead Crown gascondensate Grande Dufresne-1 Bassett West discovery (Santos 30%) prospect discovery - 61 metres net gas pay in Jurassic-aged Montara, Plover and Malita…
Carnarvon Basin - Bianchi and Winchester discoveries adjacent to key infrastructure Winchester discovery Bianchi gas discovery Santos 24.75% 112 metres of net stacked gas pay in Triassic formations Adding materiality to existing…
Cooper unconventional close to existing infrastructure REM shale play Moomba-191 currently flowing at 2 mmscf/day Three follow-up vertical/horizontal Gaschnitz discovery pairs to further appraise the play Basin Centred Gas play…
PNG LNG jetty Reference slides
First half net profit up 3% 2013 Half-year result Change on 2012 first half Production 24.5 mmboe -4% Sales revenue 1,510 million 1% EBITDAX 844 million -4% Net profit after tax 271 million 3% Underlying net profit 251 million…
4.8 billion of liquidity provides the capacity to fund the execution of our strategy Available liquidity Debt maturity profile A billion A million 6 2,000 Notes mature in 0.6 2070, with Santos 0.4 option to redeem in 1,500 2017 4…
2013 guidance Item 2013 guidance Production (mmboe)1 52-55 Production costs (million)2 670-690 DD&A expense (/boe) 16.50 Royalty related taxation expense3 50 (million after tax) Capital expenditure (including 4 billion…
Contact information Head office Adelaide Andrew Nairn Ground Floor, Santos Centre Group Executive Investor Relations 60 Flinders Street Level 10, Santos Centre Adelaide, South Australia 5000 Direct: + 61 8 8116 5314 GPO Box 2455…
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