Slide 1: Santos May 2003 Investor Pack
Slide 2: Exploration & New Ventures
Exploration & New Ventures 2001 Result 300:
Slide 3: Exploration Wells Drilled 2003
Exploration Wells Drilled 2003 Well Name Basin Primary Objective Results Key 2003 Exploration Wells Lead A (Deepwater Otway) +350 mmbbl {oil} Lead G (Otway) +198 mmbbl (oil) Lead K (Otway) +60 mmbbi (oll) Managa {Sampang PSC) +23 mmboe (gas) Charlemange (WA191 P) +21 mmbboe (oil)
Slide 4: Exploration Interests
Exploration Interests
Slide 5: Exploration Interests
Exploration Interests Montgomery i)
Slide 6: Assessing New Opportunities
Assessing New Opportunities Deep Water.
Slide 7: Slide 7
Slide 8: Key Safety & Environment Objectives
Key Safety & Environment Objectives itjury Frequency Rate (TRCFR) Hand/Finger injuries 1968 19608 200-2001 2002 2090 2003 2002 2003 YTD Serious Vehicle Incidents Serious Heat Stress incidents 1998 1995 2000 2001 2062 1999 2000 2001 2002-2003 YTD
Slide 9: Eastern Australian Gas Market
Eastern Australian Gas Market Cooper Basin Returns & Cash Flow
Slide 10: Exploration Future
Exploration Future Gas Capital Optimisation Santos .
Slide 11: Production Optimisation
Production Optimisation Moomba Project Outcomes le Cuawprsionat = z 2 2 = 2 & & 2 a g 8 a 0.002 6.006 = .008 0.008 OT 0.082 Pseudo Permeability
Slide 12: Enhancing Production & Lowering Costs
Enhancing Production & Lowering Costs AM Enhanced Productivity Operating Costs
Slide 13: Organisational Capability
Organisational Capability Value creation & delivery
Slide 14: South East Asian Business Unit
South East Asian Business Unit PNG Exploration and Development
Slide 15: East Java Gas Market
East Java Gas Market alii = hs I DE ZZ ZANMOEZZ2 1 » 2003 20s © oes, “gar “Lm Xodess |” “DLapinds +. GAmerad2 Hees... Sanios “s.I PLN Gresik @PGN Demand i Petrokemia Gresik gs
Slide 16: Growing Our Exploration Opportunities
Growing Our Exploration Opportunities Proposed aE Santos ..
Slide 17: Santos Northern Interests
Santos Northern Interests nes
Slide 18: Northern Business Unit
Northern Business Unit Timor Sea Resources Bonsp it ang Tinsor Gea interests Santos ..
Slide 19: Significant Gas Resource Base (2P)
significant Gas Resource Base (2P
Slide 20: Bayu-Undan Gas Recycle Project
Bayu-Undan Gas Recycle Project
Slide 21: Evans Shoal
Evans Shoal Timor Sea Exploration Strategy
Slide 22: Business Unit Strategy
Business Unit Strategy
Slide 23: Results: Production
Results: Production Results: Asset Portfolio
Slide 24: Gippsland Business
Gippsland Business 7). Mictorta Gippsland Basin Acraagye Stats Goes Acreage Otway Business iCaging:
Slide 25: Deepwater Business
Deepwater Business SAG: Vitoria Bs Deepwater Acroage Stove 73 Santos Acroagie
Slide 26: WIBU Historical Reserve Summary
WIBU Historical 2 Resorve Summary {fotal only)
Slide 27: Mutineer Exeter Development
Mutineer Exeter Development MUTINEERENETER ARZA sictoiame ane 2 Subsea Flow Boos: Subsea Production System
Slide 28: Mutineer Exeter Project Status
Mutineer Exeter Project Status
Slide 29: Thevenard Island Oil Fields
Thevenard Island Oil Fields Production
Slide 30: East Spar Gas Field
East Spar Gas Field John Brookes Gas Field
Slide 31: Conclusions
Conclusions