Santos Limited · ASX:STO
Santos — Merger or Acquisition (May 2008)
9 slides from Santos's merger presentation, May 29, 2008
Slide 1: Santos and PETRONAS sign historic partnership for Gladstone LNG
Santos and PETRONAS sign historic partnership for Gladstone LNG PETRONAS to acquire a 40% 29 May 2008 interest in GLNGTM for up to US$2.508 billion. 1 1. Disclaimer & Important Notice This presentation contains forward looking statements that are subject to risk factors associated with the oil and g
Slide 2: Santos: A Leader in Coal Seam Gas
Agenda Santos’ CSG Position The Transaction The Partner The Project Summary 3. Santos: A Leader in Coal Seam Gas Denison 100 100 km km Bowen Gladstone Basin Greater Scotia • 0.8 million acres (net) • 0.5 million acres (net) • Exploration stage • 27 TJ/d production • Same coals as Fairview Queensland
Slide 3: The Transaction Announced
Agenda Santos’ CSG Position The Transaction The Partner The Project Summary 5. The Transaction Announced PETRONAS a global top 3 LNG producer with more than Partner US$50 billion in annual revenue US$2.508 billion consisting of US$2.008 billion plus Amount US$500 million upon FID of GLNGTM Train 2 u
Slide 4: Creating Significant Value for Santos
Creating Significant Value for Santos 3 Validates GLNG Project Leading CSG to LNG project 3 Re-rates existing CSG resource Enhances GLNG project delivery via PETRONAS strength 3 of technical expertise and market position Simple deal structure – 60/40 alignment across the 3 integrated project Enhance
Slide 5: PETRONAS – Partner Highlights
Agenda Santos’ CSG Position The Transaction The Partner The Project Summary 9. PETRONAS – Partner Highlights Flagship Asian Oil Strategically important to Malaysia and the Asia Pacific region Company Wholly owned and supported by the Malaysian government Fortune Global 500 corporation Global E
Slide 6: PETRONAS: A Leader in LNG
PETRONAS: A Leader in LNG Number 3 globally in LNG and number 1 in Asia PETRONAS operates the PETRONAS Global Net Equity Production 25 LNG complex, the world’s largest single integrated LNG facility with a total capacity of 23mtpa from 8 LNG 20 Million tonnes of LNG per annum trains. PETRONAS is
Slide 7: GLNG Project Summary
Agenda Santos’ CSG Position The Transaction The Partner The Project Summary 13. GLNG Project Summary TM GLNGTM exposes Santos’ large scale gas resources to Bridge international markets: GLNG Site - Access LNG pricing Coal Export - Access LNG market volumes - Access higher rates CSG resources: Gl
Slide 8: Project Progress Summary
Project Progress Summary Freehold land acquired 3 for liquefaction facilities Significant project 3 status awarded Environmental 3 applications lodged Pre-FEED by Foster 3 Wheeler and Bechtel PETRONAS selected as 3 partner 2008 FEED 2009/10 FID 2014 First Gas 15. Agenda Santos’ CSG Position The Tran
Slide 9: Santos: Leading the Way in CSG to LNG
Santos: Leading the Way in CSG to LNG PETRONAS selected as partner, acquires 40% interest in GLNGTM for up to US$2.508 billion Sets new valuation benchmark for gas in Eastern Australia PETRONAS is the leading Asian LNG company Gladstone LNG is the leading LNG project in Queensland 17.