Australia’s Santos on Friday reported its 2013 second quarter activities report.
Growth projects on track; record first half sales revenue
Key activities during the period
Santos Chief Executive Officer David Knox said that Santos continued to achieve significant milestones across the business during the quarter, building the foundations for future growth.
“We’ve delivered the Fletcher Finucane project on budget and ahead of schedule, announced gas discoveries at the Bassett West, Bianchi and Winchester exploration wells and increased our Cooper Basin acreage.”
“I’m pleased to report that GLNG is now over 60% complete, with the first LNG tank roof raise complete, first modules installed and the marine crossing tunnel progressing ahead of schedule.”
“This quarter also saw us finalising the first significant bilateral agreement between Queensland’s LNG projects, linking the GLNG and QCLNG projects’ pipelines. This agreement will allow for improved flexibility and efficiency in our operations and demonstrates the potential of collaboration.”
“PNG LNG, our other major growth project remains on track to deliver its first LNG cargo next year, providing a substantial boost to our production, and it is our intent to review capital management options as we approach PNG LNG production,” Mr Knox said.