公告日期:2018-07-23
19July2018
KeyHighlights
ProductiongrowthincoreCooperBasinandWAgasassets
? CooperBasingasproductionup8%andoilproductionup17%comparedtothepriorquarterduetostrong
performancefromrecentlyconnectedwellsmorethanoffsettingtheimpactofahigherlevelofplanned
maintenanceatMoomba.QuarterlyCooperBasinoilproductionwasthehighestinfouryears.
? FastestevergaswelldrilledintheCooper:Marabooka-18developmentwell3.1daysfromspudtorig
release.SuccessfuloutcomesfromCooperexplorationprogram.
? WAgasproductionup10%comparedtothepriorquarterduetohighercustomerdemandand
commencementoftwonewsalescontracts.
? Secondquarterproductionof14.2millionbarrelsofoilequivalent(mmboe)washigherthanthepriorquarter
duetostrongproductionfromtheCooperBasinandWesternAustraliagas,combinedwiththerestartin
PNGLNGproductionfollowingmajorearthquakeactivityinFebruary.Offsettingthesefactorswasaplanned
one-monthmaintenanceshutdownofBayuUndan/DarwinLNGduringthequarter.
Strongrevenuegrowthnotwithstandingshutdownactivity
? Firsthalfsalesrevenueup16%toUS$1.7billionduetostrongercommoditypricesandhigheroilsales.
? ThestrongincreaseinrevenuewasachieveddespitethePNGLNGoutageandplannedshutdownsat
MoombaandBayuUndan/DarwinLNGwhichreducedfirsthalfproductionbyabout2mmboeandsales
revenuebyapproximatelyUS$80million.
Growthprojectupdates
? BarossaprojectentersFEED.Barossaistheleadcandidatetounderpinthelong-lifeextensionofDarwin
LNGandwouldmorethandoubleSantos’currentNorthernAustralianproduction.Afinalinvestmentdecision
istargetedtowardstheendof2019.
? InPNG,SantosisindiscussionsregardingaproposalreceivedforSantostofarm-intoPRL3(P’nyang).
? InQueensland,theScotiaCF1projectwassuccessfullycompletedaheadofscheduleandunderbudget,and
fieldproductionisramping-upwithcurrentratesa……
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