santos fourth quarter report

#sustainability #wastereduction, Santos is made of great people, especially Gima. Read more:https://lnkd.in/gkdxWwrh Santos today released its 2020 Fourth Quarter Activities Report Appendix 4E. 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. Read more A list of commonly used terms in the oil and gas industry. The announcement is marked as price sensitive, and is 14 page (s) in length and 386.46kb in size. Free cash flow of around US$1.5 billion for the year was also a record and more than double the level in 2020. Santos announces 2021 fourth quarter report 19 Jan 2022 Record annual production, record sales revenue and record free cash flow 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 Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Shareholders for the STO stock haven't been overly impressed, with shares dropping more than 2% today: Source: TradingView The fourth quarter: Santos run down More here: https://lnkd.in/gRisH4Uj Santos Ltd l Fourth Quarter Activities Report l 17 January 2013 Page 5 of 14. To continue reading it, access the original document here. Santos Ltd. published this content on 19 January 2022 and is solely responsible for the information contained therein. London Colney Minerva production was 0.6 PJ and 1,600 barrels of condensate. EN. Based in Roma where she works as a Cultural Heritage Coordinator, Leanne was nominated by her co-workers and recognised for consistently delivering positive outcomes and building sustainable relationships with the communities where we operate. 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. Six gas development wells were drilled during the quarter and all were cased and suspended as future producers. Santos Ltd 571 views. Strong balance sheet supportive of disciplined growth. | April 13, 2023 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. Santos has released its 2021 Q4 Report today. A boom where Australia (and ASX stocks) stands to benefit. 'I was particularly pleased that we were able to complete the merger before the end of 2021 and in just 130 days from 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. Delayed Quote PDF Fourth Quarter Report - Santos PDF Fourth Quarter Report - Santos 2. 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. The average realised LNG price was higher than the prior quarter reflecting the linkage of sales contracts to an improving lagged Japan Customs-cleared Crude (JCC) price and higher JKM spot prices. Australian Stock Exchange 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. Santos : 2021 Fourth Quarter Report | MarketScreener Barossa is on-track for a final investment decision in the first half of 2021. FREE REPORTFill in your email to receive our Top 3 Income Stocks for 2020 Now Companies News Contact Us Products Income Report Investing Report PATS 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. The Varanus Island Compression and Spartan projects continued to make good progress in support of developing additional reserves back to Varanus Island. Subscribe to the FREEenergy-pedia Daily NewsletterSubscribe, 238 High Street Australia's largest stock trading and investment forum, Algorithmic PDF Fourth Quarter Report - Santos 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. Fourth Quarter Activities Report For period ending 31 . #sustainability, Department of Jobs, Tourism, Science and Innovation, Department of Local Government, Sport and Cultural Industries, Department of Primary Industries & Regional Development (DPIRD), FRDC - Fisheries Research and Development Corporation. 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. Fourth quarter sales volumes were higher than the prior quarter primarily due to inclusion of the Oil Search assets from 11 December 2021 (1.5 mmboe) combined with timing of crude oil liftings, partially offset by lower Cooper Basin third- party oil volumes. Read more A list of commonly used terms in the oil and gas industry. 19 Record annual sales revenue, production and free cash flow 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 & Taxation. Non-GAAP operating income was $6.2 billion, up 10% in USD and up 12% in constant currency. 2021 Fourth Quarter Report | Santos Guidance for 2022 will be provided with the full-year results on 16 February 2022. 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. 2020 Full-year Results Announcement and Presentation. 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. 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. Santos Fourth Quarter Activities Report - Yumpu #asx #results #naturalgas, In support of Santos target of zero waste to landfill by 2050, our GLNG team on Curtis Island introduced reusable hearing protection to replace the disposable ones previously used. English Deutsch Franais Espaol Portugus Italiano Romn Nederlands Latina Dansk Svenska Norsk Magyar Bahasa Indonesia Trke Suomi Latvian Lithuanian esk . 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. Barossa is on-track for a final investment decision in the first half of 2021. Santos Limited 2016 Fourth Quarter Activities Report by 24hgold Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever youve invested. 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. As for its Cooper Basin works, STO plans to trial direct air capture technology in the first half of 2023. Domestic gas production and sales were slightly lower than the previous quarter due to a planned maintenance shutdown at Varanus Island. Pre- works activities commenced on the John Brookes Platform to tie-back Spartan and prepare for the first offshore campaign planned for early 2022. 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, 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. including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of . The Dorado Phase 1 and Pikka Phase 1 projects are progressing towards FID this year. Company reporting | Santos 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. EN. 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 Cooper Basin produces natural gas, gas liquids and crude oil. Santos Ltd. published this content on 21 January 2021 and is solely responsible for the information contained therein. The project is now in the execute phase and will have the capacity to capture and permanently store 1.7 million tonnes of CO2 per annum, with first injection expected in 2024. Santos seeks to work with contractors and suppliers who are economically, environmentally and socially responsible. She works hard to bring a fresh and deep analysis of markets and companies, interpreting what their decisions mean for their situations and the likelihood of becoming sound stock. 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. PNG LNG produces LNG for export to global markets, as well as sales gas and gas liquids. Record annual production at top end of upgraded guidance, Strong free cash flow and low breakeven oil price. The Moomba-191 shale well was commissioned on 28 September 2012, with a first month average flow rate of 2.7 mmscf/day. NIKE, Inc. Reports Fiscal 2023 Fourth Quarter and Full Year Results
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