UBS Australian Resources & Energy Conference Sydney, 13 June 2013 1
A compelling investment opportunity Production growth 6% annual compound production growth to 2020 Rising Australian domestic gas prices Earnings growth 3.4mtpa long-term oil-linked LNG export contracts Major projects on PNG LNG…
Delivering 80-90 mmboe of production by 2020 6% CAGR production growth 2011-2020 Upside potential Aust: Cooper shale, Cooper tight gas, Zola, Winchester, Amadeus, McArthur mmboe LNG: PNG LNG T3, Browse, Caldita Barossa 90 Asia:…
Western Australia and Northern Territory Ensco 109, Carnarvon Basin 5
Fletcher Finucane 1 million barrels of oil already produced First oil 20 May 2013 ahead of schedule and on budget Oil currently flowing from three subsea wells at a gross production rate of 45,000 bbl/day Forecast average gross…
Northern Australia future growth for Santos Timor Bayu Undan: Detailed design Joint Petroleum underway for Phase 3 offshore Development Barossa: Rig secured for drilling program Area appraisal campaign and concept studies…
Browse Crown success unlocks material play Crown gascondensate discovery (Santos 30%) - 61 metres net gas pay - Contingent recoverable resource estimate range 0.5 to 5 Tcf Bassett West-1 discovery (Santos 30%) - 7.5 metres net…
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…
Eastern Australia Moomba gas processing plant, Cooper Basin 10
Three key Cooper Gas focus areas to meet 2015 growth Focusing on increasing volume and reducing costs to deliver a higher margin business 1. Existing facilities reliability 2. Upstream development Reliability Well-head production…
Cooper gas maintenance strategies driving unscheduled downtime below 10% 3 year plan for major overhaul of all key infrastructure in readiness for 2015 delivery - Plan includes all major plant CO2 Unscheduled trains and processing…
Continuing the cost reduction journey with Cowralli 16 multi-well pad drilling and SIMOPS Multi-well pad 2 SIMOPS control location Multi-well pad 1 13
Cooper unconventional - focused program to evaluate BCG and REM shale gas plays * Timing subject to pending decision in regards to conventional Patchawarra 14
GLNG is over 50% complete and remains on track for first LNG in 2015 31 May 2013 15
Construction progressing in the upstream, pipeline and LNG plant and port First module lifted into place near Train 1 Over 800 metres of the marine crossing tunnel have been drilled All of the 16 LNG jetty bents have been…
PNG LNG is over 80% complete and on track for first LNG in 2014 Hides gas conditioning plant LNG tank LNG trains 17 1&2 LNG jetty
UBS Australian Resources & Energy Conference Sydney, 13 June 2013
Contact information Commercialising world class unconventional resources across Central Australia Head office Adelaide Andrew Nairn Ground Floor, Santos Centre Group Executive Investor Relations 60 Flinders Street Level 10, Santos…
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