Santos has released its 2013 Fourth Quarter Activities Report, announcing record sales revenue of $1.1 billion and strong progress on growth projects. Total sales revenue for 2013 of $3.6 billion was also a record and 12% higher than 2012.
Key activities during the period included:
PNG LNG is over 90% complete and on track for first LNG in the second half of 2014, with commissioning gas from the Kutubu field introduced into the upstream Hides Gas Conditioning Plant in December. Commissioning is also ramping up at the LNG plant with gas circulating in train 1, the refrigeration compressors being test run, and the LNG loading jetty and both LNG tanks completed.
The GLNG project is over 72% complete and on track for first LNG in 2015, with over 230 CSG wells drilled for the year, the first new Fairview and Roma wells connected to the new water processing infrastructure, pre-commissioning of the gas transmission pipeline underway and 90% of the train 1 modules delivered to Curtis Island.
Further shale gas success in the Cooper Basin: the Moomba-194 vertical shale well flowed gas at an average rate of 3 million standard cubic feet (mmscf) per day.
To view full details of the news announcement please click on the following link: http://www.santos.com/library/230114_Santos_2013_Fourth_Quarter_Activities_Report_.pdf
Regards
Santos
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Santos Limited
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CODE : STO.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Santos is a oil exploration company based in Australia. Santos is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 14.8 billions as of today (US$ 10.1 billions, € 9.0 billions). Its stock quote reached its highest recent level on March 08, 2013 at AU$ 9.98, and its lowest recent point on September 19, 2024 at AU$ 7.09. Santos has 2 082 909 952 shares outstanding. |