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1、Were not just an energy company.Were a company with energy.ANNUAL REPORT 2009ABOUT SANTOSAn Australian energy pioneer since 1954,Santos is one of the country s leading gas producers,supplying Australian and Asian customers.Santos has been providing Australia with natural gas from the remote outback
2、for more than 40 years.The company today is the largest producer of natural gas to the Australian domestic market,supplying 18%of the nation s gas needs.Santos has also developed major oil and liquids businesses in Australia and operates in all mainland Australian states and the Northern Territory.F
3、rom this base,Santos is pursuing a transformational liquefi ed natural gas(LNG)strategy with interests in four exciting LNG projects.This strategy is led by the cornerstone GLNG project in Queensland a leading project in converting coal seam gas into LNG.Also in Santos LNG portfolio are the PNG LNG
4、project,which was formally approved in December 2009,Bonaparte LNG,a proposed fl oating LNG project in the Timor Sea,and Darwin LNG,Santos fi rst LNG venture,which began production in 2006.Santos has built a strong and reliable production business in Indonesia and is further developing its Asian bus
5、iness through development projects and exploration investment.In 2009,Santos total production was 54.4 million barrels of oil equivalent.We have the largest Australian exploration portfolio by area of any company 133,800 square kilometres.Santos has about 2,200 employees working across its operation
6、s in Australia and Asia.VISION AND STRATEGYSantos vision is to be a leading energy company for Australia and Asia by delivering the base business,tapping our resource riches,being a great place to work and doing it safely and sustainably to deliver a superior shareholder return.Santos has a robust s