Santos Limited · ASX:STO
Santos — Corporate Update (September 2010)
17 slides from Santos's corporate update, Sep 9, 2010
Slide 1: GLNG Project Update
For personal use only GLNG Project Update 9 September 2010 1
Slide 2: Disclaimer & Important Notice
Disclaimer & Important Notice For personal use only This ppresentation contains forward looking g statements that are subject j 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 be affected by a r
Slide 3: Agenda
Agenda For personal use only Keyy Highlights g g The Transaction New JV Partner GLNG Update Summary 3
Slide 4: Offtake Underpins Two Train GLNG
5 mtpa Offtake Underpins 2 Train GLNG For personal use only Santos signs g binding g offtake contracts with PETRONAS and Total for a combined 5 mtpa of LNG Santos sells 15% interest in GLNG to Total for A$650 million Value of binding offtake exceeds A$100 billion and underpins a two train GLNG
Slide 5: Key Highlights
Key Highlights For personal use only Sale of 5.0 mtpa of LNG in aggregate: Landmark – Binding Heads of Agreement with Total for sale of 1.5 mtpa of LNG transaction – PETRONAS binding Heads of Agreement increased to 3.5 mtpa of LNG For GLNG Agreements underpin two train GLNG development Santos
Slide 6: Agenda
Agenda For personal use only Keyy Highlights g g The Transaction New JV Partner GLNG Update Summary 6
Slide 7: Key Offtake Terms
Key Offtake Terms For personal use only Binding Heads of Agreement for sale of 1.5 mtpa of LNG to Sale of Total, comprising: GLNG 1.0 mtpa from train 1 production offtake to 0.5 mtpa from train 2 production Total Binding Agreement for 20 years beginning 2014, subject to GLNG reaching final i
Slide 8: Key Equity Terms
Key Equity Terms For personal use only Sale by Santos of 15% equity interest in GLNG for A$650m Sale of Sale agreements g are binding g and subject j onlyy to Australian Foreign g Investment Review Board Approval and other customary consents equity and regulatory approvals interests in GLNG Pr
Slide 9: Agenda
Agenda For personal use only Keyy Highlights g g The Transaction New JV Partner GLNG Update Summary 9
Slide 10: The Partner – Total
The Partner – Total For personal use only Fifth largest publicly-traded publicly traded integrated international oil and gas company Global Operates in more than 130 countries and has over 96,000 strategic oil employees and gas US$183 billion billi ini annuall revenue partner 24% owner of th
Slide 11: Agenda
Agenda For personal use only Keyy Highlights g g The Transaction New JV Partner GLNG Update Summary 11
Slide 12: GLNG Milestones Achieved
GLNG Milestones Achieved For personal use only GLNG is progressing key milestones Two trains, five train site Project fully staffed GLNG Operations Pty Ltd, owned by the project shareholders, operates the pipeline and LNG plant FEED complete for upstream, pipeline and two trains on Curtis Is
Slide 13: GLNG Path to FID
GLNG Path to FID For personal use only FID in 2010 and first cargo in 2014 Federal environmental decision expected in October Complete further binding offtake Final EPC costs 4Q 2010 FID first train 4Q 2010 First LNG 2014 13
Slide 14: Agenda
Agenda For personal use only Keyy Highlights g g The Transaction New JV Partner GLNG Update Summary 14
Slide 15: Summary
Summary For personal use only Equity Offtake Total delivers technical expertise to Binding offtake agreements for GLNG 5.0mtpa underpin two train Santos retains largest equity share development of 45% Ongoing discussions with Asian LNG buyers, including KOGAS Progress Funding GLNG train 1
Slide 16: GLNG Project Update
For personal use only GLNG Project Update 9 September 2010 16
Slide 17: GLNG CSG Acreage
GLNG CSG Acreage For personal use only GLNG CSG areas have been Emerald Queensland Rockhampton Curtis Is. amended to include certain ATP 804P Gladstone surrounding Santos CSG acreage Scotia Area ATP 745P Proposed gas pipeline - PL 176 A di Arcadia to Gladstone - ATP 803P ATP 803P - ATP 868P Fair