Slide 1: US Investor Meetings Presentation – September 2007
Santos Ltd A.B.N. 80 007 550 923 Ground Floor Santos Centre 60 Flinders Street Adelaide SA 5000 For personal use only GPO Box 2455 Adelaide SA 5001 Telephone: 08 8116 5000 Facsimile: 08 8116 5623 To: Company Announcements Office ASX Ltd From: Company Secretary Date: 10 September 2007 Subject: US Inv
Slide 2: Delivering Value; Vision and Competencies
For personal use only Santos Limited Delivering Value US Investor Meetings 10 - 13 September 2007 1. Santos - Vision and Competencies Vision: To become a leading energy company in South East Asia Recognised for: • Safety and sustainability across all activities • Basin excellence • Low cost, fast mo
Slide 3: Key Statistics; Operational Delivery
Santos - Key Statistics Leading Australian based Exploration & Production company For personal use only • Commenced operations in 1954 • Market cap ~ US$6.6 billion • 1,600 employees 2006 Production Total 61.0 mmboe • Daily production Crude oil 13.6 mmboe - ~600+ mmcfd gas LPG - ~50,000 bbl/day liqu
Slide 4: Strategic Value Drivers; Five Distinct Growth Businesses
Strategic Value Drivers Leverage to growing Asian energy demand For personal use only Track record Transition towards Converting 2.2 of operational and higher margin bn boe of contingent project delivery businesses resources 5. Five Distinct Growth Businesses Vietnam Legend LNG Exploration Productio
Slide 5: LNG Projects – Favourable dynamics; Gladstone LNG
LNG Projects – Favourable dynamics Recent LNG contract prices above oil parity • Existing LNG producer Asian LNG Price Trends - 11.4% of Darwin LNG Late 2006 For personal use only Ex-ship LNG Price ($/MMBtu) • Focus on growing LNG Oil Parity position; and ◄ Oil Parity Mid 2006 • Monetising contingen
Slide 6: LNG Projects – GLNG Process and Plant Site
For personal use only LNG Projects – GLNG Process Coal Seam Gas Production Compression Station ~500 wells by 2014 ~200 bcf/ annum Gas transport via 260 mile pipeline Liquefaction Plant LNG Storage Shipping 3 to 4 mmtpa 9. LNG Projects – GLNG Plant Site Port of Gladstone is a well established export
Slide 7: LNG Projects – GLNG Schedule; Timor/Bonaparte
LNG Projects – GLNG Schedule FID end 2009, first LNG Cargos in 2014 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 FID Project Phases Screen Concept Define Implement Operate For personal use only Stakeholder Engagement Stakeholder Engagement Field Appraisal Field Appraisal Field Development & Dev
Slide 8: LNG Projects - PNG LNG; Browse Basin
LNG Projects - PNG LNG Project building strong momentum • Operated by ExxonMobil Hides Papua New Guinea • Underpinned by Hides gas field PRL 5 PDL 1 SE Gobe For personal use only - Santos 25% interest Proposed Elevala PDL 3 LNG Facility • Target FEED by end 2007 PRL 9 • First cargos 2012 - 2013 Bari
Slide 9: EA Gas – Strong positioning; LNG Netback
EA Gas – Strong positioning Santos is competitively positioned in a transforming market • #1 Australian gas producer Gladstone • Growing gas demand For personal use only - ‘Clean gas’ as energy Fairview Wallumbilla substitute Ballera Brisbane • Quality asset portfolio Moomba - Large resource base -
Slide 10: Cooper Basin Oil; Mutineer Exeter Outlook
Cooper Basin Oil High value exploitation opportunity • 700+ mmboe oil in place - Targeting 2P reserves of 60 mmbbl net to STO For personal use only • Attractive fiscal regime • Producing 10,000 bopd net - Target 30,000 bopd in 2010 • Unique competitive position - Acreage & infrastructure - Technolog
Slide 11: WA Oil & Gas – John Brookes & Reindeer; Asian Growth Acreage
WA Oil & Gas – John Brookes & Reindeer Higher gas price facilitates new development project John Brookes (Santos 45%) Reindeer Indian Ocean • Proven, reliable gas supplier • ~160bcf net uncontracted John Brookes For personal use only 2P reserve Stag Maitland • Several new contracts signed Spar at hi
Slide 12: Asian Growth – Nam Con Som Basin; Oyong and Wortel
Asian Growth – Nam Con Som Basin Two oil discoveries, with follow -on opportunities follow-on • Blackbird/Dua (STO 37.5%) 25km - Reservoir and facilities studies underway For personal use only - Project sanction in 1H 2008 - Expression of interest prepared for FPSO supply - Target first oil in 2010
Slide 13: Summary
Summary Leverage to strong energy environment Focus on Track record Transition toward For personal use only monetising of operational higher margin contingent delivery businesses resources 23. Reference Slides 24.
Slide 14: Converting Contingent Resources; Cooper Basin Oil – 2007 Activity
Converting Contingent Resources Progressing on multiple fronts Australia Offshore Australia Onshore 1,025 mmboe 733 mmboe For personal use only • Evans Shoal • Fairview • Caldita/Barossa • Roma • Petrel/Tern • Reindeer PNG Asia 363 mmboe 117 mmboe • Hides • Hiu Aman • Barikewa • Wortel • Elevala • B
Slide 15: Development Projects; Extensive Asian Footprint
Development Projects Multiple development projects being progressed Oyong oil Project Delivery 100 Maleo % Progress (Post sanction) For personal use only 80 Casino John Brookes Mutineer Exeter Phase IV Mutineer Exeter 60 Bayu Undan Wortel (Gas, Indonesia) Cooper Basin Oil Project 40 Blackbird/Dua (O
Slide 16: Disclaimer & Important Notice
Disclaimer & Important Notice This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable, but they may For personal use only be affected by a range