Santos Ltd (STO) 2005年年度报告「ASX」.pdf

1、INSIDEINTRODUCING SANTOSCompany profile and history,and an overview of Santos vision,strategy and values.2005 OPERATING AND FINANCIAL HIGHLIGHTS2Key results for 2005 and three-yearperformance.PROGRESS ON THE GROWTHSTRATEGY IN 20053Milestones that delivered on the growth strategy during 2005 and acti

2、vitiesplanned for 2006.CHAIRMANS REVIEW4Stephen Gerlach comments on Santosperformance in 2005.MANAGING DIRECTORS REVIEW5John Ellice-Flint reviews a year of recordfinancial,safety and environmentalperformance,successful exploration,outstanding reserve replacement and fast-tracked developments.MEETING

3、 STRATEGIC TARGETS9Explanation of Santos good performanceagainst its long-term targets.THE WORLD OF SANTOS10Locations of Santos global exploration,development and production activities.DELIVERING RECORD FINANCIAL PERFORMANCE12Putting the numbers in perspective andexplaining the 2005 financial result

4、s.ACHIEVING OPERATIONALEXCELLENCE14Production and sales analysis plus activitiesthat are creating value from Santoschanging production profile.PRODUCTION STATISTICS16Summary of production results for 2005.CAPTURING NEW RESOURCES17Exploration results,acreage additions andnew ventures in 2005,together

5、 with theprogram for 2006.EXPANDING GLOBALLY THROUGHGROWTH PROJECTS20Development projects that commencedproduction or were further progressed.BROADENING COMMERCIALISATION HORIZONS22Market context,new gas contracts andinnovative use of infrastructure hubs.REALISING VALUE AND BALANCINGTHE PORTFOLIO24S

6、trategic projects and portfoliomanagement activities.GROWING THE SIZE AND VALUE OF RESERVES26Analysis of reserves movements in 2005.MANAGING FOR LONG-TERMSUSTAINABILITY 28Sustainability framework,polices,systemsand activities,including safety andenvironmental performance,employeesand communities.COR