1、workng n partnershpannual report 2011ABOUT SANTOSEstablished in 1954,Santos core foundations are based on safe,sustainable operations and working in partnership with host communities,governments,business partners and shareholders.Santos is one of the largest producers of natural gas to the Australia
2、n domestic market,supplying to all mainland states and territories as well as to Indonesia and other domestic Asian markets.Santos has also developed significant oil and liquids businesses in Australia,Indonesia and Vietnam,with recent developments including the Chim So oil project in Vietnam delive
3、red in 2011.Santos is pursuing a transformational liquefied natural gas(LNG)strategy and has interests in four LNG projects,including the two-train Santos GLNG project in Gladstone,Australia.Through its interest in the Darwin LNG project,Santos has been exporting LNG to Asia since 2006.First LNG shi
4、pments are expected from PNG LNG in 2014 and from the GLNG project in 2015.Santos fourth LNG project is the proposed Bonaparte floating LNG project offshore northern Australia,which is currently in the design phase.At 152,360 square kilometres,Santos Australian exploration and production acreage is
5、the largest by area of any company.Santos has over 2,800 employees across Australia and Asia,with offices in Adelaide,Bishkek,Brisbane,Dhaka,Gladstone,Gunnedah,Hanoi,Jakarta,New Delhi,Perth,Port Moresby,Roma,Sydney and Singapore.Santos 2011 total production was 47.2 million barrels of oil equivalent
6、(mmboe),and as at 31 December 2011 Santos had a substantial proven plus probable(2P)reserve base of approximately 1,364 mmboe.Santos is a leading Australian oil and gas exploration and production company,with operations and interests in every major Australian petroleum province and in Indonesia,Viet