Santos Limited · ASX:STO

Santos — Corporate Update (May 2010)

11 slides from Santos's corporate update, May 26, 2010

  1. Slide 1: Patricia Baleen Gas Plant CAC meeting

    Example of image placement Patricia Baleen Gas Plant CAC meeting 26 May 2010 1

  2. Slide 2: In this presentation

    In this presentation  Commitments from previous CAC meetings  Operations update  Production Interruption  Proposed Road Upgrade  Community support programs 2

  3. Slide 3: Commitments from previous CAC meetings

    Commitments from previous CAC meetings  Satellite imagery of the site is underway 3

  4. Slide 4: Operations update

    Operations update  Patricia Baleen production currently interrupted  First Longtom gas produced 25 October 2009  Over 6100TJ sales gas and 12ML of condensate  Run at maximum rates March 2010  Supplying customers in Victoria and NSW via Eastern Gas Pipeline (EGP)  2 x community enquiries in the

  5. Slide 5: Production interrupted

    Production interrupted  Mercury was found in raw gas from offshore Longtom wells owned by Nexus Energy  Found during routine testing procedure  Jemena (EGP operator) advised sales gas was off- specification in late April 2010  Wells shut-in and gas processing halted on 23 April 2010  Environmen

  6. Slide 6: Production interrupted

    Production interrupted  It is not unusual for raw gas to contain some level of mercury  Pre-production tests on the Longtom production wells were performed but inconsistent results regarding the concentration of mercury were obtained  Level of mercury measured in the sales gas just before shutdow

  7. Slide 7: Production interrupted

    Production interrupted  Mercury can be safely removed from natural gas  Requires the installation of mercury removal equipment in plant - proven removal technology - Mercury absorbed and forms stable compounds - spent material periodically removed from site for recycling  Modifications require ap

  8. Slide 8: Proposed road upgrade

    Proposed road upgrade  Santos has engaged local, specialist road upgrade companies.  These companies have detailed cost and schedule for the works.  This proposal is currently before Santos management for early approvals.  If successful, approvals with the regulators will follow  If successful,

  9. Slide 9: Site photographs

    Site photographs 9

  10. Slide 10: Community projects – 2010 so far

    Community projects – 2010 so far  Pledge to Orbost Cemetery Trust for their Reflections shelter  Snowy River Football Club – Year 2 of a 3-year sponsorship  Donation to Orbost Golf Club as a contribution towards the replacement of a greens mower  Donation to Orbost Secondary College for safety b

  11. Slide 11: Patricia Baleen Gas Plant

    Example of image placement Patricia Baleen Gas Plant CAC meeting 26 May 2010 11

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