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Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 6
Key Information 6
Company Overview 6
Santos Ltd., Valuation and Financial Data 7
Santos Ltd., Share Price Performance 7
Share Price Performance, Q2, 2015-Q2, 2016 7
Santos Ltd., Key Valuation Metrics 8
Key Valuation Metrics, Q2, 2015-Q2, 2016 8
Santos Ltd., Quarterly Results of Oil & Gas Operations Per boe Produced 9
Results of Oil & Gas Operations Per boe Produced, Q2, 2015-Q2, 2016 9
Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2015-Q2, 2016 10
Santos Ltd., Quarterly E&P Costs Trends 11
Upstream Capital Expenditure, Q2, 2015-Q2, 2016 11
Santos Ltd., Quarterly Production Trends 12
Santos Ltd., Total Oil and Gas Production 12
Total Crude Oil and Natural Gas Production Trend, Q2, 2015-Q2, 2016 12
Santos Ltd., Crude Oil Production 13
Total Crude Oil Production Trend, Q2, 2015-Q2, 2016 13
Santos Ltd., Natural Gas Production 14
Total Natural Gas Production Trend, Q2, 2015-Q2, 2016 14
Santos Ltd., Valuation and Financial Data, 2011-2015 15
Santos Ltd., Share Price Performance, 2011-2015 15
Share Price Performance, 2011-2015 15
Key Valuation Metrics, 2011-2015 16
Santos Ltd., Production and Reserves Trends 17
Total Oil and Gas, Reserves and Production 17
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 17
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 19
Crude Oil/Liquids Production and Reserve 20
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 20
Crude Oil/Liquids Reserve Changes, 2011-2015 21
Natural Gas Production and Reserve 22
Natural Gas Production and Reserve Trend, 2011-2015 22
Natural Gas Reserve Changes, 2011-2015 23
Total Crude Oil and Natural Gas Reserves Life Index 24
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 24
Santos Ltd., E&P Costs Trends 25
Allocation of the Upstream Capital Expenditure 25
Upstream Capital Expenditure, 2011-2015 25
Oil and Gas Cost Per boe, US$/boe 26
Oil and Gas Cost Per boe, US$/boe, 2011-2015 26
Santos Ltd., Reserve Replacement Ratio 28
Oil and Gas Production Replacement Ratio 28
Oil and Gas Production Replacement Ratio, 2011-2015 28
Santos Ltd., Results of Oil & Gas Operations Trend 30
Oil and Gas Revenue and Expenses 30
Oil and Gas Revenue and Expenses, 2011-2015 30
Oil and Gas Revenue and Expenses, Per boe 31
Oil and Gas Revenue and Expenses, By boe, 2011-2015 31
Oil and Gas Performance Metrics 32
Exploration and Development Wells Drilled, 2011-2015 33
Recent Developments 34
Santos Ltd. - Recent Developments 34
Oct 21, 2016: Santos Provides 2016 Third Quarter Activities Report 34
Oct 11, 2016: Cooper Energy: Gas Sales Agreement With O-I Australia 37
Oct 05, 2016: Beach Energy Announces Monthly Drilling Report For September 2016 37
Sep 30, 2016: Gladstone LNG Plant's Production Unit To Undergo Maintenance In October 2016 38
Sep 22, 2016: Cue Energy Resources Sampang Field Life Extension 38
Sep 19, 2016: Santos Announce Appointment Of New Chief Financial Officer 39
Sep 07, 2016: Beach Energy Announces Australia Cooper And Eromanga Basins 39
Aug 30, 2016: Statoil And Petrobras Strengthen Strategic Partnership In Brazil 40
Aug 15, 2016: Santos: Asset Review Outcome 41
Aug 03, 2016: Beach Energy Announces Monthly Drilling Report For July 2016 42
Appendix 44
Methodology 44
Coverage 44
Secondary Research 44
Primary Research 44
Data Information Sources 45
Company Source 45
SEC/Other Regulatory Filings 45
Other Sources 45
Expert Panel Validation 45
Data Definition 45
Oil and Gas Reserves 45
Units of Measure 46
About GlobalData 46
Disclosure 46
Disclaimer 46
List of Tables
Table 1: Santos Ltd., Key Facts 6
Table 2: Santos Ltd., Share Price Performance, Q2, 2015-Q2, 2016 7
Table 3: Santos Ltd., Key Valuation Metrics, Q2, 2015-Q2, 2016 8
Table 4: Santos Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 9
Table 5: Santos Ltd., Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2015-Q2, 2016 10
Table 6: Santos Ltd., Upstream Capital Expenditure, Q2, 2015-Q2, 2016 11
Table 7: Santos Ltd., Total Crude Oil and Natural Gas, Production, Q2, 2015-Q2, 2016 12
Table 8: Santos Ltd., Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 13
Table 9: Santos Ltd., Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 14
Table 10: Santos Ltd., Share Price Performance, 2011-2015 15
Table 11: Santos Ltd., Key Valuation Metrics, 2011-2015 16
Table 12: Santos Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 18
Table 13: Santos Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 19
Table 14: Santos Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 20
Table 15: Santos Ltd., Crude Oil Reserve Changes, mmbbl, 2011-2015 21
Table 16: Santos Ltd., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 22
Table 17: Santos Ltd., Natural Gas Reserve Changes, bcf, 2011-2015 23
Table 18: Santos Ltd., Oil and Gas Reserves Life Index, Years, 2011-2015 24
Table 19: Santos Ltd., Upstream Capital Expenditure, US$ mil, 2011-2015 25
Table 20: Santos Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 27
Table 21: Santos Ltd., Oil and Gas Production Replacement Ratio, %, 2011-2015 29
Table 22: Santos Ltd., Revenue and Expenses, US$ mil, 2011-2015 30
Table 23: Santos Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 31
Table 24: Santos Ltd., Oil and Gas Performance Metrics, 2011-2015 32
Table 25: Santos Ltd., Exploratory and Developed Wells, 2011-2015 33
List of Figures
Figure 1: Santos Ltd., Share Price Performance, AUD/Share, Q2, 2015-Q2, 2016 7
Figure 2: Santos Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2015-Q2, 2016 8
Figure 3: Santos Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 9
Figure 4: Santos Ltd., Upstream Capital Expenditure, US$ mil, Q2, 2015-Q2, 2016 11
Figure 5: Santos Ltd., Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2015-Q2, 2016 12
Figure 6: Santos Ltd., Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 13
Figure 7: Santos Ltd., Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 14
Figure 8: Santos Ltd., Share Price Performance, AUD/Share, 2011-2015 15
Figure 9: Santos Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 16
Figure 10: Santos Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 17
Figure 11: Santos Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 19
Figure 12: Santos Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 20
Figure 13: Santos Ltd., Crude Oil Reserve Changes, mmbbl, 2015 21
Figure 14: Santos Ltd., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 22
Figure 15: Santos Ltd., Natural Gas Reserve Changes, bcf, 2015 23
Figure 16: Santos Ltd., Oil and Gas Reserves Life Index, Years, 2011-2015 24
Figure 17: Santos Ltd., Upstream Capital Expenditure, US$ mil, 2011-2015 25
Figure 18: Santos Ltd., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 26
Figure 19: Santos Ltd., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 28
Figure 20: Santos Ltd., Revenue and Expenses, US$ mil, 2011-2015 30
Figure 21: Santos Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 31
Figure 22: Santos Ltd., Oil and Gas Performance Metrics, 2011-2015 32