Recfishwests move into the Pilbara was discussed and supported as a positive development with local stakeholders to make fishing better for NW communities. At Santos, safety is central and critical to everything we do, so we are pleased we could share this value with our community and increase the safety culture in our communities. Strong production combined with higher commodity prices delivered record quarterly free cash flow of US$865 million, an increase of 186 per cent from the corresponding period last year. This is an excerpt of the original content. '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. All advice is general in nature and has not taken into account your personal circumstances. Read more A list of commonly used terms in the oil and gas industry. While useful for detecting patterns, the past is not a guide to future performance. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees. & Taxation. 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. The Barossa project is 20 per cent complete and making excellent progress, while I was delighted to announce the final investment decision on the Moomba carbon capture and storage project in November. PNG LNG produces LNG for export to global markets, as well as sales gas and gas liquids. Minerva production was 0.6 PJ and 1,600 barrels of condensate. The Barossa project is 20 per cent complete and making excellent progress, while I was delighted to announce the final investment decision on the ForMoomba carbon capture and storage project in November. Santos says it has hit new records in production, sales, and cash flow yet the oil and gas stock sees its share value drop. 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. "Consistent with our strategy, our next stage of growth will be disciplined and phased. Gas production of 17.3 PJ during the quarter was 7% higher than Q4 2011, due to downtime improvements. PDF Fourth Quarter Report - Santos 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. Fourth Quarter Results Summary Net sales increased 3 percent to $5.0 billion, including a 1-point headwind from net divestiture and acquisition activity and 1 point of unfavorable foreign currency . (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%. Your file is uploaded and ready to be published. This strong free cash flow positions the company to provide higher returns to shareholders and in December, we announced a further US$350 million increase in the on-market share buyback to up to US$700 million. Santos Limited 2016 Fourth Quarter Activities Report by 24hgold The Moomba CCS project is an important enabler for the production of hydrogen. 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. As for its Cooper Basin works, STO plans to trial direct air capture technology in the first half of 2023. Santos' disciplined operating model has delivered strong production which, combined with higher commodity prices, resulted in record third quarter free cash flow of over US$1 billion, taking free cash flow for the first nine months of 2022 to US$2.7 billion. 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. The value of any investment and the income derived from it can go down as well as up. You can view all announcements from STO and see how they appear on a price chart on the announcements page. The Cooper Basin produces natural gas, gas liquids and crude oil. You can update your choices at any time in your settings. #QLD #community #safety, Santos is working to increase contracting opportunities across local Indigenous businesses to create positive and sustainable economic development. Santos has released its 2021 Q4 Report today. Catch the top stories of the day on ANC's 'Top Story' (29 June 2023) Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees. 22 Jan 2016 Key Highlights Fourth quarter production of 14.9 mmboe was in line with the corresponding quarter and brought. The FPSO is due back to the field in early March. Santos [ASX:STO] Releases Fourth Quarter Report with New Records Across Production in the fourth quarter of 15.5 PJ was 27% higher than Q4 2011, primarily due to the commencement of production from Reindeer in December 2011. All Rights Reserved, MPP-Energy and Enpet Energy farming out the Duzce G26-A license, onshore Northern Turkey, 3D Oil identifies possible Dorado-1 look-alike structures in WA-527-P, Bedout Sub-basin - farmout available (duplicate), AVS Group selling offshore oil and gas prospect, Finder Energy farming out AC/P 45 and AC/P 55, Northern Browse/Central Bonaparte Basin Ashmore Platform, 3D Oil and Hibiscus Petroleum farming out VIC/P74, offshore Gippsland Basin, Enpet Energy farming out Duzce G26-A License in Northern Turkey, Strong base business performance delivered record annual production of 92.1 million barrels of oil equivalent (mmboe), inclusive of 1.7 mmboe from the Oil Search assets from 11 December 2021, 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, GLNG delivered a record 6.4 million tonnes of LNG sales in 2021, Bayu-Undan delivered higher gross gas and liquids production in 2021, which enabled Darwin LNG to produce 3.2 million tonnes of LNG, almost all of which was sold at JKM spot prices, Santos portfolio average realised LNG price increased by 32 per cent in the quarter to US$13.64/mmBtu, Barossa 20 per cent complete and progressing on schedule and budget, FID on the Moomba carbon capture and storage project taken in November 2021, with first injection expected in 2024, Dorado Phase 1 and Pikka Phase 1 projects targeting FID in mid-2022 and first half 2022, respectively, 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. The companys Barossa Project is now 55% complete, on hold while the company awaits a new drilling activity environment plan. Northern Australia and Timor-Leste is centered on the Bayu-Undan/Darwin LNG (DLNG) project. The Dorado Phase 1 and Pikka Phase 1 projects are progressing towards FID this year. Our increased LNG position in Papua New Guinea following the Oil Search merger has driven our record performance. They identified a solution that would virtually eliminate wastewater production, instead reusing the wastewater within the plant. Comparative performance Capital expenditure including restoration expenditure but excluding capitalised interest. Stronger commodity prices combined with higher sales volumes delivered record quarterly sales revenue of US$1.9 billion, up 25 per cent compared to the prior quarter and 99 per cent higher than the . 2020 Full-year Results Video. 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. Santos 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. Northern Australia and Timor-Leste is centered on the Bayu-Undan/Darwin LNG (DLNG) project. Free cash flow of ~US$930 million in the quarter reduced gearing to approximately 18.7 per cent. Of the two gas horizontal wells, one was drilled in the Moomba South field and the other in the Beanbush field which was drilling ahead. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever youve invested. 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. Santos Chief Financial Officer Andrew Seaton, discusses the results from the Fourth Quarter Activities Report, touching on the company's success in sales rev. Gima flies in and out of Iagifu Ridge in the Southern Highlands of Papua New Guinea, where he works as a Telecommunications Technician supporting field operations and assets in the area. Santos Fourth Quarter Activities Report - Yumpu Mahlia is an analyst who focuses on researching markets and the companies within them, with a particular focus on ASX-listed companies. Next up in our acknowledgement of our valued partners for 2023:Santos Ltd All rights reserved. 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 You can access a recent report by James on exactly that topic AND access an exclusive video on his personalised attack plan right here. Record annual production, record sales revenue and record free cash flow. In the fourth quarter, real GDP increased 2.6 percent. EN. 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. A data worksheet containing unaudited quarterly sales, revenue, production and capital expenditure tables in Excel f rmat is available on Santos' website. Webcast of 2020 Half-year Results Presentation. Fourth Quarter Activities Report For . PDF Fourth Quarter Report - Santos The full-year report (incorporating Appendix 4E) and associated investor briefing presentation will be available on Santos' website at www.santos.com. Santos today released its 2020 Fourth Quarter Activities Report. Australian Stock Exchange We remain committed to supplying the domestic market at reasonable prices. English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk . Pre- works activities commenced on the John Brookes Platform to tie-back Spartan and prepare for the first offshore campaign planned for early 2022. Our resources expert and trained geologist, James Cooper, thinks the Australian resources sector is set to enter a new commodities boom brought on by the Age of Scarcity. NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2023 fourth quarter and full year ended May 31, 2023. In December 2012, Santos acquired Woodside's 8.2% interest in Mutineer-Exeter. Santos Ltd on LinkedIn: 2021 Fourth Quarter Report | Santos While useful for detecting patterns, the past is not a guide to future performance. 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. Record annual production of 89 mmboe, 18% above the prior year and at the top end of upgraded guidance provided in December, Record quarterly production of 25.4 mmboe, 1% above the prior quarter, Record quarterly sales volumes of 31.1 mmboe, 7% above the prior quarter, Record annual sales volumes of 107.1 mmboe generated annual sales revenue of US$3.4 billion, Fourth quarter sales revenue of US$922 million, up 16%, primarily due to stronger LNG sales volumes (up 23%) and prices (up 25%), Santos disciplined operating model continues to drive costs lower, with 2020 upstream unit production costs of ~US$8/boe at the lower end of the US$8.00-8.50/boe guidance range, Santos generated over US$725 million in free cash flow in 2020 despite lower commodity prices, Delivered 2020 free cash flow breakeven oil price of less than US$25 per barrel (before hedging) and less than US$20 per barrel (after hedging), Net debt at the end of the year (including leases) was US$3.7 billion, Significant milestones were achieved on the Barossa LNG project during the fourth quarter, including execution of a long-term LNG offtake agreement with Mitsubishi for 1.5 mtpa of Santos equity LNG, execution of agreements to transport and process Barossa gas through Darwin LNG, and regulator and joint venture consents for the sell-down of interests in Bayu-Undan and Darwin LNG, Moomba CCS project is FID-ready, subject to eligibility for Australian Carbon Credit Units, Work continues on the pre-FEED phase for the Dorado project, with FEED entry planned for the first half of 2021 for the Phase 1 oil project.