Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. The completion of the Oil Search merger delivers us the size and scale to deliver even stronger outcomes in 2022 and beyond," Mr Gallagher said. Join us and your talent, skills and ideas will have a direct impact on results as we thrive and improve together. Were proud to have people like Leanne as part of our team. Prior period sales volume and revenue comparatives in the table above have been restated accordingly. But we will also seek to decarbonise these critical fuels, in-line with our emissions reductions targets, and produce clean fuels as customer demand evolves.. CEO Kevin Gallagher highlighted the companys record annual production and sales revenue, and completion of the Oil Search merger just 130 days after announcing our intent to merge. Sales volumes (Santos share including Oil Search from 11 December 2021). PDF Fourth Quarter Report - Santos the announcement of our intent to merge with Oil Search, and this sets us up for what is going to be a very busy 2022. 'Significant milestones were achieved on the Barossa project during the fourth quarter, including the signing of a binding long-term LNG offtake agreement with Mitsubishi at a price based on JKM and execution of the gas transportation and processing agreements with Darwin LNG. "Consistent with our strategy, our next stage of growth will be disciplined and phased. - Santos. Non-GAAP operating income was $6.2 billion, up 10% in USD and up 12% in constant currency. Fourth quarter sales revenues were a record and higher than the prior quarter reflecting inclusion of the Oil Search assets from 11 December 2021 (US$101 million) and improved commodity prices for all products. All content is 2023 Fat Tail Investment Research Pty Ltd All Rights Reserved. Santos : 2022 First Quarter Report. Santos : 2020 Fourth Quarter Report | MarketScreener Santos : 2021 Fourth Quarter Report - MarketScreener.com Santos Fourth Quarter Activities Report - Yumpu Northern Australia and Timor-Leste is centered on the Bayu-Undan/Darwin LNG (DLNG) project. - Santos . The initial phase of development will involve gas reinjection to maximise liquids recovery ahead of a second phase of gas export from the field. The value of any investment and the income derived from it can go down as well as up. Department of Jobs, Tourism, Science and Innovation Department of Local Government, Sport and Cultural Industries Department of Primary Industries & Regional Development (DPIRD) City of Karratha Pilbara Development Commission Santos Ltd Pilbara Ports Authority FRDC - Fisheries Research and Development Corporation, Meet Leanne, winner of the CEO Values Leader Award at this years Santos Directors EHSS Awards. Santos Limited is a producer of oil and gas. Target our investor community with our suite of Hotcopper Advertising opportunities. Santos will announce its results for the year ended 31 December 2021 on 16 February 2022. Santos Ltd l Fourth Quarter Report l 20 January 2022, Production by asset (Santos share including Oil Search from 11 December 2021), Production by product (Santos share including Oil Search from 11 December 2021). Learn more in our Cookie Policy. Australian gas and oil producer Santos [ASX:STO] reported record sales revenue and free cash flow in the September quarter due to strong LNG demand. All rights reserved. Santos seeks to work with contractors and suppliers who are economically, environmentally and socially responsible. For the fourth quarter, crude oil production of 817,700 barrels was 5% below the previous quarter primarily due to decline from initial high-rate Charo wells, partially offset by eight new oil wells brought on line in the Cook, Cuisinier and Munro fields. Sales volumes (Santos share including Oil Search from 11 December 2021) Fourth quarter sales volumes were higher than the prior quarter primarily due to inclusion of the Oil Search assets from Santos Ltd 539 views. 2020 saw us ride through the bottom of the cycle while still generating free cash flow and deliver a record 4.3 million tonnes of Santos-equity LNG sales. This award goes to a Santos person who lives the Santos values, and Leanne is a true example of our values in action. To view the entire thread just sign in or Join Now (FREE), Australia's largest stock tradingand investment forum. Santos : 2022 First Quarter Report | MarketScreener All advice is general in nature and has not taken into account your personal circumstances. The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued last month. Consistent with our strategy, our next stage of growth will be disciplined and phased. Santos : 2021 Fourth Quarter Report | MarketScreener Read: https://bit.ly/3GMOAsz #congratulations #leader, Through the Santos funded Oil Search Foundation, our people in Papua New Guinea can apply for small grants to support projects in their home communities. While useful for detecting patterns, the past is not a guide to future performance. Santos [ASX:STO] Releases Fourth Quarter Report with New Records Across The Dorado Phase 1 and Pikka Phase 1 projects are, "Our merger with Oil Search delivers increased scale and capacity to drive a disciplined, low-cost operating model and unrivalled growth opportunities over the next decade - with a vision of becoming a global leader in the energy transition.". Santos Limited is a producer of oil and gas. Angel Broking 93 views. including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of . We remain committed to supplying the domestic market at reasonable prices. Engineering, commercial and marketing studies are progressing on the Moomba hydrogen project with the goal of positioning the project as Australia's. 2020 Full-year Results Q&A. This future phase of gas export offers backfill supply to Santos' existing domestic gas infrastructure in Western Australia. Santos share price is up around 0.1% and is currently trading at A$8.89. A live webcast briefing, including analyst/investor questions, will be available on Santos' website from 11:30am AEDT on 16 February 2022. The full-year report (incorporating Appendix 4E) and associated investor briefing presentation will be available on Santos' website at www.santos.com. 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WA oil production and sales were higher in the fourth. Stronger commodity prices and higher sales volumes delivered record quarterly sales revenue of US$1.5 billion, up 34 per cent, and record annual sales revenue of US$4.7 billion, up 39 per cent; Free cash flow is expected to be around US$1.5 billion in 2021, more than double the level in 2020 #community #development #projects #representation #regionaldevelopment #fishing #opportunities In December 2012, Santos acquired Woodside's 8.2% interest in Mutineer-Exeter. This is an excerpt of the original content. The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. The Company's segments include five key assets/operating areas of the Cooper Basin, Queensland and New South Wales, Papua New Guinea (PNG), Northern Australia and Timor-Leste, and Western Australia. But we will also seek to decarbonise these critical fuels, in-line with our emissions reductions targets, and produce clean fuels as customer demand evolves.'. The LNG business is expected to remain strong with energy security being a top priority for our trading partners in the region, Mr Gallagher said. A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds. 1 Capital expenditure including restoration expenditure but excluding capitalised interest. EN. Tecsys Reports Record Revenue for the Fourth Quarter and - Newswire 22 more messages in As for its Cooper Basin works, STO plans to trial direct air capture technology in the first half of 2023. The announcement is marked as price sensitive, and is 14 page (s) in length and 386.46kb in size. Condensate and LPG production in 2012 were both slightly lower than 2011 due to leaner gas wells brought on line in 2012. For the fourth quarter of fiscal 2023, Cerner contributed $1.5 billion to total revenues. Comparative performance Capital expenditure including restoration expenditure but excluding capitalised interest. The horizontal well program continued with the drilling of three oil and two gas horizontal wells. 'We also announced in December an ambitious roadmap to net-zero emissions by 2040, new emissions reduction targets and a commitment to work with our customers to reduce their emissions. Guidance for 2022 will be provided with the full-year results on 16 February 2022. Our disciplined, low-cost operating model continues to drive strong performance across the business and has positioned us to take full advantage of the increase in commodity prices. Strong balance sheet supportive of disciplined growth. Oil production was stronger than the previous quarter due to new oil wells in Limestone Creek area and improvement in downhole well l sses. Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the first quarter of 2023 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. Santos says it has delivered US$1.9 billion in sales revenue for the fourth quarter, which adds up to US$7.7 billion for the entirety of 2022 this is a 65% improvement on 2021. Both comparisons are available in the table on page 3. Cooper Basin Crude oil production in 2012 of 3.2 mmboe was the highest in three years, and 14% above 2011. Santos 2022 Third Quarter Report - Santos Limited (ASX:STO) Magazine: Santos Fourth Quarter Activities Report. Our LNG projects currently have 10 spot cargoes scheduled in Q1. Congratulations! PDF Fourth Quarter Report - Santos Oracle Announces Fiscal 2023 Fourth Quarter and Fiscal Full Year Today, leading Australian oil and gas exploration and production company Santos Ltd [ASX:STO] released its results for the first quarter ending 31 December 2022, hitting records across revenue, production, and cash flow. This will provide jobs directly through Rusca as well as through their supply chain partners read more here: https://bit.ly/3JooHm8 Distributed by Public, unedited and unaltered, on 20 January 2021 22:15:05 UTC, Delayed Quote Eni 2014 Third Quarter Results. 2021 Fourth Quarter Report | Santos Condensate production of 157,200 barrels was 14% higher than Q4 2011 due to commencement of production from Reindeer. https://lnkd.in/esR8EyFq Through working with government bodies, health authorities and local community partners, the team coordinated a vaccination and community education program. Santos : 2015 Fourth Quarter Activities Report | MarketScreener The companys Barossa Project is now 55% complete, on hold while the company awaits a new drilling activity environment plan. Kumul Petroleum has offered a binding conditional offer for a 5% interest in PNG LNG for US$1.4 billion, which includes a share of project finance debt until April. & Taxation. With workshops held in Injune, Muckadilla and Roma, attendees received critical safety training and education on how to respond when an emergency happens, providing a tangible educational benefit to our communities. Copyright 2023 Surperformance. Santos Managing Director and Chief Executive Officer Kevin Gallagher said Santos delivered record annual production and sales volumes in 2020, and strong free cash flow of over US$725 million despite lower commodity prices. EN. These were the highlights: Santo said its lower mmboe delivery was mostly due to a reduction in domestic gas volumes at the companys John Brookes conventional gas field, located in Northwest Western Australia, which came as a result of unplanned maintenance arising at the site: In December, Santos announced a capital management framework, which included a further US$350 million increase on-market share buyback to up to US$700 million. The next big mining boom is predicted to happen in the next few years. Sales revenues (Santos share including Oil Search from 11 December 2021), Average realised prices (including Oil Search from 11 December 2021). You can access a recent report by James on exactly that topic AND access an exclusive video on his personalised attack plan right here. Fourth quarter production was higher than the prior quarter primarily due to inclusion of the Oil Search assets from 11 December 2021 (1.7 mmboe), partially offset by lower Cooper Basin volumes, a lower net entitlement under the Bayu- Undan Production Sharing Contract due to higher realised commodity prices and lower domestic gas volumes in Western Australia due to planned maintenance. If that isnt enough to sate your curiosity, we can also share with you a recent interview with James and Greg with Ausbiz at the end of last year. 1 Sales volumes include own product and third-party volumes. 'Our increased LNG position in Papua New Guinea following the Oil Search merger has driven our record performance. 2015 Second Quarter Activities Report. Quarter 1. The Pikka Phase 1 Project is on schedule, and the Moomba CCS Project is 40% complete with both schedule and budget tracking to plan. personalSantos Managing Director and Chief Executive Officer Kevin Gallagher said Santos delivered record annual production and sales revenue in 2021, as strong base business performance positioned the company to benefit from higher commodity prices. 22 Jan 2020 Record annual production, sales volumes and sales revenue Annual production of 75.5 mmboe was a record for Santos and. Santos Ltd. published this content on 21 January 2021 and is solely responsible for the information contained therein. PNG LNG produces LNG for export to global markets, as well as sales gas and gas liquids. Santos Ltd 571 views. Appendix 4D Half-year Report. Delayed Quote Conversely, comparisons for crude oil are made with the immediate previous quarter, as oil production rates are not generally subject to seasonal variations. Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software. Santos today released its 2020 Fourth Quarter Activities Report. The GLNG project in Queensland produces liquefied natural gas (LNG) for export to global markets from the LNG plant at Gladstone and is also sold into the domestic market. #oneteam #santosinpng, Every minute matters this is the focus behind LifeFlight's recent training workshops delivered across the Maranoa thanks to Santos. Fourth Quarter Report for period ending 31 December 2022 | Santos Santos has released its 2021 Q4 Report today. quarter due to incremental production from the wells. Santos_Third Quarter Activities Report - SlideShare The transaction is subject to customary approvals and will result in the same joint-venture parties (Santos, Kufpec Australia and JX Nippon) having interests in both the Mutineer-Exeter and Fletcher Finucane projects. We remain focused on controlling our costs and living by our disciplined operating model so we are set up to sustain our base business and remain resilient through the cycle even as we see the welcomed strengthening in prices over the past months. Stag oil production for the quarter was up 25% to 406,300 barrels due to two new production wells online and the third quarter being impacted by downtime due to heavy-lift and workover activities. Gold & Silver Prices in Northern Australia and Timor-Leste is centered on the Bayu-Undan/Darwin LNG (DLNG) project. 2016 Fourth Quarter Activities Report by 24hgold 24hgold . Tie-in and start-up activities for the two remaining dual lateral wells in the Van Gogh Phase 2 infill program were personalsuccessfully completed, ahead of schedule and under budget. Santos Fourth Quarter Activities Report. On 10 December 2021, Santos announced the merger with Oil Search had become effective following approvals by Oil Search shareholders and the National Court of Papua New Guinea, The merger created a company with strong and diversified cash flows, providing a platform to deliver shareholder returns and successfully navigate the transition to a lower carbon future, Data in this report includes the Oil Search assets from 11 December 2021, unless otherwise stated, 104.2 mmboe $835 million $553 million ~$7.80/boe ~$1.25 billion, 102.7 mmboe $819 million $510 million ~$7.80/boe ~$1.22 billion, Small gains for Aussie shares in first-half as decade-high interest rates weigh, Consumer and property stocks drag Australian shares lower, Australian shares extend gains on bank rally; retail sales data in focus, Australian shares on track to snap losing streak; CPI in focus, Australian shares log worst weekly fall in over 3 mths on further rate hike concerns, Australian shares set for worst week in four; Powell's speech in focus, Australian shares hit 7-week high on commodity boost; RBA minutes awaited, Australian shares climb for fifth session in broad-based buying, Australian shares inch lower ahead of key U.S. data, Fed rate decision, Australia shares rise on mining and gold boost; set for third weekly drop, Australian shares muted as gold, tech losses counter gains in commodities, Australian shares inch higher ahead of GDP data, miners top gainers, Australian shares skid ahead of RBA decision, financials top losers, Australian shares rise as energy stocks jump; RBA decision in focus, Australia shares edge higher after US House votes to suspend debt ceiling, Australian shares extend fall after hotter-than-expected inflation data, Australian shares edge higher amid fresh hurdles for U.S. debt ceiling deal, Australian shares jump as US leaders strike provisional debt deal, Australian shares set for worst week in two months; US debt deal in focus, Banks drag Australian shares lower amid U.S. debt ceiling worries, Energy stocks push Australian shares higher, U.S. debt talks in focus, Australian shares decline on U.S. debt default fears, Mining, banking stocks push Australian shares higher, Talon Energy Secures Path to Market of Walyering Condensate Production, Australian shares extend losses on renewed rate-hike jitters. 2 As previously advised, Santos changed its accounting treatment of certain Cooper Basin arrangements relating to crude oil purchases and sales that it had previously recorded as trading income. All rights reserved. '2020 saw us ride through the bottom of the cycle while still generating free cash flow and deliver a record 4.3 million tonnes of Santos-equity LNG sales. Fourth Quarter Activities Report For period ending 31 - Santos - Yumpu Quarter 2. Free cash flow of around US$3.6 billion was also a record and reduced gearing to approximately 18.7 per cent at the end of the year. St Albans #sustainability #wastereduction, Santos is made of great people, especially Gima. Appendix 4E. Santos Ltd on LinkedIn: 2021 Fourth Quarter Report | Santos Santos says it has hit new records in production, sales, and cash flow yet the oil and gas stock sees its share value drop. The Varanus Island Compression Project started up during the quarter. Gas, Tax Average realised price for east coast domestic gas for the quarter was US$7.74/GJ, less than half the average realised price for LNG. US$1.5 billion, up 34 per cent, and record annual sales revenue of US$4.7 billion, up 39 per cent. Santos Managing Director and Chief Executive Officer Kevin Gallagher said Santos delivered record annual production and sales volumes in 2020, and strong free cash flow of over US$725 million despite lower commodity prices. Given the strong customer demand for our product now and into the future, we will seek to backfill and sustain our core assets to deliver the critical fuels the world needs into the 2040s. At the end of the fourth quarter, the well was flowing at 2.5 mmscf/day. You can view all announcements from STO and see how they appear on a price chart on the announcements page. 'Our merger with Oil Search delivers increased scale and capacity to drive a disciplined, low-cost operating model and unrivalled growth opportunities over the next decade with a vision of becoming a global leader in the energy transition.'. Santos Managing Director and Chief Executive Officer Kevin Gallagher said Santos delivered record annual production and sales revenue in 2022, as strong base business performance positioned the company to benefit from higher commodity prices. Our Moomba carbon capture and storage project is now FID-ready, subject to eligibility for Australian Carbon Credit Units, Mr Gallagher said. Our merger with Oil Search delivers increased scale and capacity to drive a disciplined, low-cost operating model and unrivalled growth opportunities over the next decade with a vision of becoming a global leader in the energy transition.. The LNG business is expected to remain strong with energy security being a top priority for our trading partners in the region, Mr Gallagher said. (ACN: 617 997 547), Santos [ASX:STO] Releases Fourth Quarter Report with New Records Across Revenue, Production, and Cash, recent interview with James and Greg with Ausbiz, Sale revenue came to US$1.9 billion, creating the full-year total of 2022 sales revenue to a new record, US$7.8 billion, a 65% increase on full-year 2021, The company also reported a new record for annual free cash flow of US$3.6 billion, which was measured as more than double 2021s numbers, Production was lower quarter-on quarter, however, the company delivered 25.6 mmboe (million barrels of oil equivalent), There was a reduction in annual mmboe, dropping from the record production count of 105.4 million mmboe to 103.2 mmboe, Free cash flow of US$930 million in the quarter was said to reduce gearing by 18.7%. Domestic gas production and sales were slightly lower than the previous quarter due to a planned maintenance shutdown at Varanus Island. In November, Santos took FID on the Moomba CCS Project after the Clean Energy Regulator registered the project with the Emissions Reduction Fund, enabling the project to generate Australian Carbon Credit Units (ACCUs). | April 13, 2023 This collaborative effort eliminates approximately 240,000L of wastewater per year. - 02:10:37 2023-06-30 am EDT. #papuanewguinea #community #smallgrants, Following sanction of a project to install new wastewater infrastructure at our GLNG plant, one of our engineering teams took the initiative to challenge the need for it. Our fundamental goal is to help you become a better, richer, and happier investor. We also announced in December an ambitious roadmap to net-zero emissions by 2040, new emissions reduction targets and a commitment to work with our customers to reduce their emissions. GLNG Sales gas production of 3.1 PJ was higher than Q4 2011, as lower customer nominations were offset by higher volumes of gas injected into Roma underground storage. Santos 2022 Fourth Quarter Report StockBot 397,225 posts 4 months ago STO released this announcement to the ASX on 19 January 2023, 8:36. Its gas is sold primarily to domestic retailers, industry and for the production of liquefied natural gas, while gas liquids and crude oil are sold in domestic and export markets. Production from Mutineer-Exeter was 33% lower as production was shut-in from 1 December 2012 and the FPSO sailed to Singapore for planned maintenance. 2020 Santos Half-year Results Announcement and Presentation. Pre- works activities commenced on the John Brookes Platform to tie-back Spartan and prepare for the first offshore campaign planned for early 2022. Fourth Quarter Report for period ending 31 December 2022, Delivered sales revenue of US$1.9 billion in the fourth quarter, bringing 2022 sales revenue to a record US$7.8 billion, up 65 per cent on the prior year, Record annual free cash flow of approximately US$3.6 billion, more than double the level in 2021, Fourth quarter production of 25.6 mmboe was slightly lower than the third quarter primarily due to reduced domestic gas volumes in Western Australia following unplanned maintenance at John Brooke, Record annual production of 105.4 million barrels of oil equivalent (mmboe), reduced to 103.2 mmboe following including Bayu-Undan volumes on a net PSC entitlement basis, Free cash flow of ~US$930 million in the quarter reduced gearing to approximately 18.7 per cent, In December 2022, Santos announced a simplified capital management framework including a further US$350 million increase in the on-market share buyback to up to US$700 million, Binding conditional offer from Kumul Petroleum to acquire a five per cent interest in PNG LNG for asset value of US$1.4 billion, including a proportionate share of project finance debt, extended to 30 April 2023, Pikka Phase 1 contracting and early works activities progressing on schedule, Moomba CCS project is 40 per cent complete and progressing on schedule and budget, Trials of direct air capture technologies in the Cooper Basin planned to commence first half 2023, Front end engineering design work on the Bayu-Undan CCS project is nearing completion, US$122 million in sustaining annual synergies achieved, toward upper end of the $110-125 million guidance range.