Santos overview A leading energy company in Australia and Asia Australias leading domestic gas producer 2013 production 140,000 boe/d (70% gas/30% liquids) Bay of Bengal Top-20 Australian Securities Phu Khanh Exchange listed…
Our strategy Strong LNG project delivery positions Santos to achieve 80 to 90 mmboe of production by 2020 AUSTRALIA LNG ASIA Growing Cooper Basin gas First LNG production from PNG Peluang project delivered in capacity to meet…
Eastern Australia gas Additional supply is required to meet increased market transformation demand and Santos well placed to benefit Eastern Australia gas demand (PJ) Tripling of gas demand creating market tightness 2,500 Recent east…
Increasing Cooper Basin Targeting three key areas during 2014-16 gas production enabling cost efficiencies from increased scale 2 rig, pad development focus Santos acreage Gas field Moomba Oil field High deliverability Gas…
Australian shale Cooper and McArthur Basins have some key technical attributes comparable to successful US shale basins Organic matter Hydrocarbon Mineralogy TOC wt% content Non-clay content McArthur Basin mmboe/km2 % Darwin…
Cooper Basin Building knowledge and technological capacity to unconventional crack the code; two shale wells now producing exploration program Confirmed prospective resource through coring, logs and other analysis Moomba 192 Proved…
Santos LNG portfolio Strong project delivery and performance supportive of backfill and expansion opportunities Producing Darwin LNG PNG LNG 11.5% equity 13.5% equity 3.7 mtpa plant capacity 6.9 mtpa plant capacity Fully contracted…
Strong Asian demand for Large opportunity exists for new projects to supply LNG into the Asian market Asian LNG supply and demand mtpa Asia leads global LNG demand with LNG forecast to meet over 50% of 400 Asias gas needs 350…
Global LNG demand US LNG alone will not fill the gap vs US LNG in 2025 mtpa 500 Constraints on US LNG exports 400 Contestable Buyer appetite for 100 mtpa 160 market diversity of supply US LNG Not all US LNG projects 300 will…
US LNG pricing Portfolio players and trading houses dominate US LNG off-take with higher pricing Sabine Pass LNG pricing - 2012 Portfolio player pricing terms for resale - 2013 US/mmBtu US/mmBtu 16 16 Spot 14.6/mmBtu 14 13.5/mmBtu…
First LNG from PNG LNG 2 trains producing and first cargoes of LNG shipped ahead of schedule Location Papua New Guinea Project Santos 13.5%, partners ExxonMobil, Oil Search, NPCP, JX Nippon, MRDC, and Petromin PNG LNG plant…
PNG LNG potential Existing infrastructure can support potential future expansion expansion. As an owner of the foundation project infrastructure, Santos is well placed SW Hides Deep NE Hides 3P potential within base project…
GLNG project summary The GLNG project is over 80% complete and on track for first LNG in 2015 Location Queensland, Australia Project Santos (30% and operator), PETRONAS, Total partners and KOGAS LNG plant 7.8 mtpa of LNG; 7.2 mtpa…
Fairview well performance Performance of Fairview wells continues to exceed expectations average gas capacity of 2.2 TJ/day per well Reservoir performance better Fairview well performance as at 31 May 2014 183 wells connected than…
Roma well performance Roma wells online and dewatering, supporting individual well capacity of 0.5 TJ/day 52 development wells online: Roma well performance as at 31 May 2014 22 development wells that are dewatering into the Roma…
Drilling and completions Continuing to drive down well costs Over 560 wells drilled since FID Over 30% reduction in drilling and completion costs per well since FID Average 2013 D&C cost of 1.35 million per development well (30%…
Upstream construction Hub construction is nearing completion Fairview Hub 5 160 TJ/day gross gas capacity 4 ML/day water handling facilities Commissioning is underway Fairview Hub 4 250 TJ/day gross gas capacity 20 ML/day water…
Capital expenditure and US18.5 billion1 capex from FID to the end of 2015 opex guidance 2016-20 average capex estimate A1 billion pa Vast majority of 2016-20 expenditure is the upstream, and Capital expenditure estimate includes: FID…
Third party gas supply Third party gas generates significant value for the project Attractive oil-linked Supplier Quantity TJ/day Starts Term Delivery point Price basis gross margins Santos portfolio 750 PJ 140 2015 15 years…
Gas transmission pipeline Hydrotesting and de-watering complete, final drying in progress 42 inch diameter 420-kilometre pipeline Strong progress as pipeline draws to completion: All of the 420-kilometre pipeline is in the…
GLNG plant site, Curtis Two-train LNG plant with a nameplate capacity of Island 7.8 mtpa GLNG plant site, May 2014 Utilities Area Includes Central Control Camp Building Accommodation 1,680 beds Gas Inlet and Refrigerant…
LNG trains All 82 Train 1 modules set; 11 of 29 Train 2 modules set, 7 modules in transit to site and 11 under assembly in Batangas, Philippines LNG trains, May 2014. 24 INVESTOR ROADSHOW - JUNE 2014
LNG jetty Over 95% complete with the installation of quick release mooring hooks, capstans, fenders, vessel access gangway tower and loading arms complete LNG jetty, 360 metres long and suitable for ships with capacity up to 220,000m3,…
Curtis Island, 31 May 2014 APLNG QCLNG GLNG 26 INVESTOR ROADSHOW - JUNE 2014
Bayu-Undan / Darwin LNG Strong production in 2014. Progress on Phase 3 offshore expansion. Multiple feed gas options for backfill and expansion emerging Maintain high margin asset Site for new track record of reliable delivery LNG…
Asian growth Peluang project delivered on schedule and budget; Dua on track for first oil in mid-2014. Peluang, Indonesia (Santos 67.5%) Project delivered in March 2014, on budget and ahead of schedule Expected gross production…
Browse Basin Material resource build to support multiple commercialisation options including collaboration with adjacent resource owners for brownfield expansion Significant resource build across Grand prospect Bassett West the…
Strong business outlook Operating cash flow is expected to double by 2016, providing the foundation for further growth and increased shareholder returns Clear production growth outlook Growing margins Robust funding position…
Appendix June 2014
2013 Full-year Growth in sales revenue, EBITDAX and EBIT. financial result Net profit after tax of 516 million in line with 2012 2013 Change Full-year on 2012 Production 51 mmboe -2% Sales revenue 3,602 million +12% EBITDAX…
Strong funding position 3.4 billion in balance sheet capacity to fund execution of business strategy and minimise financing risk. Minimal debt maturities to 2016 Available liquidity Debt maturity profile Notes mature in 2070, with…
Capital expenditure 2013 was peak year for capex. 2014 guidance unchanged at 3.5 billion Capital expenditure 2014 guidance of 3.5 billion (excludes capitalised interest) (excluding capitalised interest) Abillion GLNG 1.4 billion 4…
GLNG capex US18.5 billion GLNG gross capital cost estimate unchanged FID to Dec 2013 Capex estimate from FID 2013 capex capex until the end of 2015 billion A1 A1 US2 A3 LNG project capex (100%) 5.7 13.7 18.5 20.7 Santos 30%…
2014 guidance Item 2014 guidance Production 52-57 mmboe Production costs 820-880 million DD&A expense 18.50/boe Royalty related taxation expense1 (after tax) 60 million Capital expenditure (including exploration &…
2014 exploration schedule Delivers on our exploration strategy across super basins, frontier basins and unconventional basins Santos Well Name Basin / Area Target Timing Interest % Manta-1 PNG Gas 301 C&S, pending testing South…
Contact information Head Office Adelaide Andrew Nairn Ground Floor, Santos Centre Group Executive Investor Relations 60 Flinders Street Direct: + 61 8 8116 5314 Adelaide, South Australia 5000 Email: andrew.nairnsantos.com GPO Box…
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