Santos Limited · ASX:STO

Santos — Corporate Update (December 2013)

15 slides from Santos's corporate update, December 2013

  1. Slide 1: Narrabri Gas Project

    Insert picture Narrabri Gas Project Our plans to develop natural gas for New South Wales December 2013

  2. Slide 2: About Santos

    About Santos Australian energy company established in 1954  Employs 3,000 workers and over 4,000 contractors  One of Australia’s largest domestic natural gas producers  Supplying natural gas to NSW since 1976  Extracting coal seam gas for 20 years  Acquired Narrabri operations in November 2011

  3. Slide 3: A balanced energy solution

    A balanced energy solution Supplying natural gas to Delivering energy safely Benefiting regional New South Wales and with minimal impact communities  Clean and reliable energy  20 years experience  Economic growth safely extracting CSG through direct and  Households, industry and indirect employ

  4. Slide 4: Current activity

    Current activity Building foundation for future work  Exploration and Appraisal - 15 pilot wells and one core hole - NSW Government assessment - Commonwealth EPBC review complete  Baseline data gathering and monitoring - Water monitoring bores - Water portal - Air testing - Ecological studies  Wa

  5. Slide 5: Narrabri Gas Project

    Narrabri Gas Project Could supply half of NSW’s natural gas  Regulatory approval required by both State and Commonwealth Governments  Project area covers 98,000 hectares  Field operations approximately 900ha - Less than 1 per cent of the Project area - 850 production wells or 425 well sets  Infr

  6. Slide 6: Drilling with care

    Drilling with care Local geology and Santos’ high standards ensure natural gas is produced safely and groundwater is protected  To produce gas, water is extracted from the coal seam, reducing the pressure and allowing the gas to flow  Pilliga sandstone contains aquifers used for agriculture and co

  7. Slide 7: Weighing up the benefits

    Weighing up the benefits Substantial benefits to the local community and New South Wales  1,200 jobs during construction  $160 million Regional Community Benefit Fund  Key source of energy for NSW - Half the State’s natural gas supply - 1 million plus homes and businesses - 450 large industrial u

  8. Slide 8: Working with landholders

    Working with landholders We respect the custodians and owners of the land  Work together with Forestry Corporation of NSW  Only drill on private land with landholders consent - Land-value based compensation - Farm Management Plan  Work towards an agreement with the native title parties  Ensure l

  9. Slide 9: Benefiting the local community

    Benefiting the local community We aim to become a valued and respected member of the local communities which host our activities  1,200 jobs during construction  Local contractors used whenever possible  Flow on benefits via supply chain revenues, local purchasing and indirect jobs  Community Be

  10. Slide 10: Protecting biodiversity

    Protecting biodiversity We recognise the unique environment of the Pilliga  Ongoing flora and fauna studies  Measures used to minimise impact: - Avoid areas deemed significant from cultural heritage or ecological perspective - Use existing cleared areas and access tracks, lateral drilling and prog

  11. Slide 11: Establishing and monitoring baselines

    Establishing and monitoring baselines  Studies to establish baseline groundwater data: - Groundwater modelling - Regional groundwater assessments - Regional bore inventory  Monitoring registered water bores with agreement from landholders  Network of shallow and deep aquifer monitoring bores esta

  12. Slide 12: Beneficial water resource

    Beneficial water resource We prioritise water protection, preservation and productive reuse  Government water licences needed for all water extracted  Water extracted is not from the Great Artesian Basin and is too deep and salty to be used by community  Estimated 80% of water can be reused follo

  13. Slide 13: Project timeline

    Project timeline Project details developed with significant community engagement Where we are now ~ 2 years ~ 2 years 20+years Appraisal Exploration and Construction Operations Approvals Approximately 4 years • Core holes • Appraisal pilots • Build facilities • Drilling production wells • Seismic •

  14. Slide 14: In summary

    In summary  Substantial economic and social benefits for community  Supply up to half of NSW’s natural gas needs  Respect for custodians and land owners  Protections for unique forest environment, farm land and water resources  Seeking ongoing local community input and dialogue 14

  15. Slide 15: If you have any questions

    If you have any questions Freecall: 1800 071 278 Email: [email protected] Twitter: @SantosLtd Visit: www.santos.com/nsw Drop into one of our local offices: Narrabri 125 Maitland Street 02 6792 9035 Mon – Fri 9am – 5pm Gunnedah 206 Conadilly Street 02 6741 5100 Mon – Fri 9am – 5pm 15

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