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1、Santos Annual Report THAT DRIVES US FORWARD.THE ENERGYAnnual Report 2002SAN155 AS02 WWW AR 1-36 27/3/03 6:40 PM Page 1Inside.2Measuring performanceAnalysis of key results for 2002 and three-year performance.4Chairmans reviewStephen Gerlach comments on Santos performancein 2002.5Managing Directors re
2、viewJohn Ellice-Flint reports on a year of progress and tangible results,and outlines the Companys progresstowards achieving top quartile performance.10Business Unit operationsAn overview of the Business Units that make upSantos with descriptions of activities,performanceand strategies.12Areas of op
3、erationMaps of Santos exploration and production interests.14ExplorationExploration performance was the strongest for years.17DevelopmentDevelopment activity grew as a result of increasedexpenditure on the Bayu-Undan liquids project.20CommercialisationSantos signed major new gas contracts during 200
4、2.22ReservesAnnual reserve replacement was 119%.24Production Santos achieved record annual production in 2002.26Sustainability Sustainability activities undertaken in 2002,includingsafety and environmental performance,employeesand communities.30Corporate governanceDetails of the main corporate gover
5、nance practicesthe Company has in place.32Board of DirectorsDirectors biographical details and a summary of theexecutive management team.34Group interestsSantos licence areas and percentage interests.3610 year summary Statistical summary of financial performance.37Financial reportDirectors report,st
6、atements of financial performance,financial position and cash flows,and notes to the financial statements.70Stock exchange and shareholder informationListing of top 20 shareholders,analysis of shares and voting rights.72Information for shareholders Annual General Meeting,final dividend,shareholderen