Santos hits half-year production record

Santos has announced its half-year results for 2021, reporting record production of 47.3 million barrels of oil equivalent (mmboe) and record sales volumes of 53.8 mmboe. Managing director and chief executive officer Kevin Gallagher said Santos delivered record production and sales volumes in the first half of 2021, and strong free cash flow of $US572 …
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Santos

Santos production strong despite sell-downs

Santos managing director and chief executive officer Kevin Gallagher said the company has delivered a strong quarter of production, sales volumes and revenues, as the business benefited from stronger demand and higher prices. Outlined in its second quarterly report, Gallagher advised that its disciplined, low-cost operating model continues to drive strong performance. “Consistent with our …
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Santos, Beach Energy secure $15m for Moomba

Santos and Beach Energy have been awarded a $15 million grant from the Australian Government’s carbon capture and storage (CSS) development fund to go towards the Moomba CCS project in South Australia. The grant is recognition of the national and international significance of the $210 million Moomba CCS project which will safely and permanently store …
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Moomba on track for FID in September: Santos

Santos chief executive officer Kevin Gallagher expects that a final investment decision (FID) will be made on the Moomba carbon capture and storage project in South Australia in September this year. Gallagher highlighted in a conference call on the company’s 2020 full-year results that it is now waiting on the South Australian Government and the …
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Santos backs initiative to pave way for carbon capture and storage

The Australian Government has announced long-term funding and an expanded focus that will invest in new emerging technologies to lower emissions from industries such as oil and gas. Prime Minister Scott Morrison has revealed a $1.9 billion investment package in future technologies to lower emissions, back jobs into the future, cut costs for households and …
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ConocoPhillips deal contributes to Santos success

Santos managing director and chief executive officer Kevin Gallagher says the first half of 2020 has delivered record production volumes and strong free cash flow for the company, despite lower oil prices. The company has attributed its results to the resilience of its cash-generative operating model in a lower oil price environment and strong operation …
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Santos rises to record production

Santos has delivered record production volumes in the first half of 2020 after increasing its equity in the Bayu-Undan operation in the Timor Sea through an acquisition of ConocoPhillips’ northern Australia and Timor-Leste assets. The company’s second quarter production totalled 20.6 million barrels of oil equivalent (mmboe), which is 15 per cent higher than the …
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Santos to advance Cooper Basin hydrogen potential

Santos plans to explore a future in the hydrogen sector in the Cooper Basin through carbon capture and storage (CCS) after awarding GHD with a concept study project. Managing director and chief executive officer Kevin Gallagher said that natural gas could be de-carbonised at its source to make zero-emissions or blue hydrogen.  The carbon dioxide …
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Technology roadmap to pave way for low emission projects

The Australian Government has released its Technology Investment Roadmap discussion paper, which is set to bring a strategic and a system-wide view into investments in low emission technologies. Minister for Energy and Emissions Reductions Angus Taylor said the government saw potential in technologies like hydrogen, CCS, soil carbon sequestration, biofuels, resources and energy exports to …
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Santos increases focus on Moomba CCS project

Santos has reinforced its commitment to investing in carbon capture and storage (CCS) as a key priority in the company’s future. Speaking at the company’s annual general meeting, Santos managing director and chief executive officer Kevin Gallagher said that today’s CCS projects stored around 40 million tonnes per year of carbon dioxide. “It is far …
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