Latest News & Announcements - Santos
Read the latest news from Santos, including half-year results, activity reports, media releases and company announcements.
Santos Announces Pikka FID
Santos, as operator of the Pikka Unit joint venture, today announced a final investment decision (FID) has been taken to proceed with the US$2.6 billion gross (US$1.3 billion Santos-share) Pikka Phase 1 oil project located on the North Slope of Alaska.
2024 First Quarter Report | Santos
Santos Managing Director and Chief Executive Officer Kevin Gallagher said the strong underlying business performance, combined with a disciplined focus on operational excellence, delivered a robust first quarter for 2024.
Category: Papua New Guinea | Santos
Santos today announced the Papua LNG joint venture has launched fully-integrated front-end engineering and design (FEED) for the Papua LNG project in Papua New Guinea. Papua LNG is expected to have liquefaction capacity of up to six million tonnes of LNG per annum with first production expected by the end of 2027 or early 2028.…
Barossa Gas Project update | Santos
Santos will assess any impact on the schedule and cost of the Barossa Gas Project if the injunction is extended beyond 13 November 2023 and will update the market accordingly. Santos will continue to defend the proceedings at the next court date.
Santos and Oil Search merger becomes effective
Dec 10, 2021 · The merger of Santos and Oil Search is now effective following approval of Oil Search’s Scheme of Arrangement by the National Court of PNG. Oil Search shareholders to receive 0.6275 new Santos shares for each Oil Search share held.
Santos signs mid-term LNG supply contract | Santos
Santos today announced the signing of a mid-term LNG supply contract with TotalEnergies Gas & Power Asia Private Limited (TotalEnergies). The contract is to supply 20 LNG cargoes, or up to approximately 0.5 million tonnes of LNG per annum over a period of 3 years plus one quarter.
2023 Full-year Results - Santos
Santos today announced its full-year results for 2023, reporting sales revenue of US$5.889 billion, EBITDAX of US$4.083 billion, underlying profit of US$1.423 billion and free cash flow of US$2.128 billion. These results reflect lower oil and LNG prices, and lower production compared to the corresponding period.
2022 Full-year Results - Santos
Santos today announced its full-year results for 2022, reporting record free cash flow of US$3.6 billion and underlying profit of US$2.5 billion. The results reflect significantly higher oil and LNG prices compared to the corresponding period due to stronger global energy demand combined with a higher interest in PNG LNG following the Oil ...
Santos to farm down exploration leases in Alaska
Consistent with its Alaska strategy to focus on the Pikka development, Santos today announced it will farm-down half of its working interest in 148 exploration leases (more than 270 thousand acres of State of Alaska lands) on the Alaska North Slope in an agreement with APA Alaska LLC1 and Lagniappe Alaska LLC2.