1、Annual Report 2016Transform Build GrowSantos Limited ABN 80 007 550 923This 2016 Annual Report is a summary of Santos operations,activities and financial position as at 31 December 2016.All references to dollars,cents or$in this document are toUScurrency,unless otherwise stated.An electronic version
2、 of this report is available on Santos website,Santos Corporate Governance Statement can be viewed at: 1 About Santos 2 Corporate Directory 4 Message from the Chairman and from the Managing Director and Chief Executive Officer 6 Board of Directors 8 Santos Executive Committee 10 Reserves statement 1
3、6 Directors Report 29 Remuneration in brief 31 Remuneration Report 51 Financial Report 115 Directors Declaration 116 Independent Auditors Report 121 Auditors Independence Declaration 122 Securities Exchange and shareholder information 124 Glossary Santos Annual Report 2016/1Santos is an Australian n
4、atural gas company.Established in 1954,the company is proud to deliver the economic and environmental benefits of natural gas to homes and businesses throughout Australia and Asia.An Australian energy pioneerFive core long-life natural gas assets sit at the heart of a disciplined,focused strategy to
5、 drive sustainable shareholder value:the Cooper Basin,GLNG,Papua New Guinea,Northern Australia and Western Australia Gas.Each of these core assets provide stable production,long-term revenue streams and significant upside opportunities.With one of the largest exploration and production acreages in A
6、ustralia,a significant and growing footprint in Papua New Guinea and a strategic infrastructure position,Santos is well positioned to benefit from the growing global demand for energy.The Santos turnaround is now well underway.A three phase strategy to Transform,Build and Grow the business will driv