Santos Limited · ASX:STO

Santos — UBS Australian Resources & Energy Conference 2012

10 slides from Santos's conference presentation, Jun 14, 2012

  1. Slide 1: Transforming through LNG

    14/06/2012 For personal use only Darwin LNG Transforming through LNG UBS Australian Resources & Energy Conference Sydney, 14 June 2012 Disclaimer and Important Notice This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It i

  2. Slide 2: Asset base is transformed through LNG

    14/06/2012 Asset base is transformed through LNG For personal use only Material growth in reserves and over $4 billion cash from asset sales since 2008 mmboe Santos 2P reserves  Over 60% of reserves now linked 1,400 1,364 to oil prices Contracted domestic gas  2P organic reserve replacement 1,200

  3. Slide 3: Santos' LNG growth pipeline

    14/06/2012 Santos’ LNG growth pipeline For personal use only Upside Likely Sanctioned Producing potential sanction PNG LNG Bonaparte LNG PNG LNG Darwin LNG expansion  Santos 40%  Santos 13.5%  Santos 11.5% Darwin LNG equity and equity equity carried to FID  First LNG  Produced 300 Browse Basin

  4. Slide 4: Browse Basin: Crown well in 2H 2012

    14/06/2012 Browse Basin: Crown well in 2H 2012 For personal use only “Excellent street address” Argus Territory of Ashmore WA-274-P & Cartier Islands  Surrounded by the Browse, Ichthys WA-410-P and Prelude LNG Projects Crown WA-274-P Ichthys  Acreage is all Santos operated Poseidon  Liquids rich

  5. Slide 5: Bonaparte LNG and GLNG project progress

    14/06/2012 Bonaparte LNG For personal use only BLNG building momentum; >2Tcf resource  Santos 40% equity and carried to FID (GDF SUEZ 60% and operator)  Concept Select phase concluded, preparing for Concept Definition  150 people working on the project  Project progressing with the following exp

  6. Slide 6: GLNG upstream

    14/06/2012 GLNG upstream For personal use only 440 wells drilled, upstream construction underway Drilling  Six drilling rigs operating  First of four new Saxon rigs to start later this year  Fairview average well flow rates of 1.3 TJ/day Construction of upstream facilities  Site preparation unde

  7. Slide 7: GLNG plant site, Curtis Island

    14/06/2012 GLNG plant site, Curtis Island For personal use only June 2012 13 LNG plant and tank area June 2012 14 7

  8. Slide 8: PNG: First LNG expected in 2014

    14/06/2012 PNG LNG For personal use only First LNG expected in 2014  Project progressing well, recent milestones include: − Roof of first LNG tank in place − Offshore pipeline nearing completion − 50% Komo bulk earthworks complete and achieved record productivity of earthworks − Over half of the pr

  9. Slide 9: Transforming through LNG

    14/06/2012 Transforming through LNG For personal use only  Over 60% of 2P reserves linked to oil prices  PNG LNG first LNG expected in 2014 and GLNG in 2015  Drilling in the Browse Basin and PNG LNG this year  New partnership with SK E&S to progress Caldita Barossa development  Bonaparte LNG pr

  10. Slide 10: Contact information

    14/06/2012 Contact information For personal use only Head office Adelaide Andrew Nairn Group Executive Investor Relations Ground Floor, Santos Centre Level 10, Santos Centre 60 Flinders Street Direct: + 61 8 8116 5314 Adelaide, South Australia 5000 Email: andrew.nairn@santos.com GPO Box 2455 Adelaid

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