Santos Ltd Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2018
September 2018
62
About the Report
About the Report
Summary
Santos Ltd Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.
Santos Ltd (Santos) is an independent oil and natural gas company. Its activities include onshore, offshore and liquefied natural gas (LNG) projects. The company has exploration and production acreage in Australia and Papua New Guinea. Its core natural gas assets include Cooper Basin, Queensland, Papua New Guinea, Northern Australia and Western Australia Gas. Santos owns related infrastructure and carries out transportation and marketing of hydrocarbons. Its products include natural gas, crude oil, ethane, condensate, methane, shale gas, condensate, coal seam gas, and liquefied natural gas (LNG). The company supplies its products to homes, businesses and major industries across Australia and Asia. Santos is headquartered in Adelaide, Western Australia, Australia.
Scope
The report provides in-depth analysis and insights into companies' capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes the following-
- The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
- Provides details with respect to the company's oil and gas reserves and production information by country. It further consists of in-depth information on the company's expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
- Provides a comprehensive overview of the company's share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production (USD boe/d) and EV/Proved Reserve (USD /boe)
- Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.
*Note:
1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. Information that is not disclosed by the company may not be available in the report.
Reasons to buy
The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to-
- Be up-to-date with the latest information and in-depth analysis of the operational metrics of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational metrics of your competitors.
- Rank your performance against other companies in the exploration and production (E&P) sector using operational and financial benchmarking metrics.
- Formulate your strategies based on in-depth analysis of your competitors' financial and operational data.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational metrics.
- Establish relative performance among the industry's players based on key operational and financial measures.
Products
Products
Reserves, Production, Acquisition Costs, Development Costs, Exploration Costs, Total Costs Incurred, Acreage, Well, Price, Oil Reserves, Gas Reserves, Total Oil & Gas Reserves, Oil Production, Gas Production, Total Oil & Gas Production, F&D Costs Per boe, Reserve Replacement Ratio
Table of Contents
Table of Contents
Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 6
Key Information 6
Company Overview 6
Santos Ltd, Valuation and Financial Data 7
Santos Ltd, Share Price Performance 7
Share Price Performance, Q1, 2017-Q1, 2018 7
Santos Ltd, Key Valuation Metrics 8
Key Valuation Metrics, Q1, 2017-Q1, 2018 8
Santos Ltd, Quarterly Results of Oil & Gas Operations Per boe Produced 9
Results of Oil & Gas Operations Per boe Produced, Q1, 2017-Q1, 2018 9
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2017-Q1, 2018 10
Santos Ltd, Quarterly E&P Costs Trends 10
Upstream Capital Expenditure, Q1, 2017-Q1, 2018 10
Santos Ltd, Quarterly Production Trends 12
Santos Ltd, Total Oil and Gas Production 12
Total Crude Oil and Natural Gas Production Trend, Q1, 2017-Q1, 2018 12
Santos Ltd, Crude Oil Production 14
Total Crude Oil Production Trend, Q1, 2017-Q1, 2018 14
Santos Ltd, Natural Gas Production 15
Total Natural Gas Production Trend, Q1, 2017-Q1, 2018 15
Santos Ltd, Valuation and Financial Data, 2013-2017 16
Santos Ltd, Share Price Performance, 2013-2017 16
Share Price Performance, 2013-2017 16
Key Valuation Metrics, 2013-2017 18
Santos Ltd, Production and Reserves Trends 19
Total Oil and Gas, Reserves and Production 19
Total Crude Oil and Natural Gas Production and Reserves Trend, 2013-2017 19
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2013-2017 21
Total Crude Oil and Natural Gas Reserve Changes, 2013-2017 22
Crude Oil/Liquids Production and Reserve 23
Crude Oil/Liquids Production and Reserve Trend, 2013-2017 23
Crude Oil Production and Reserves By Country/Region, 2013-2017 24
Crude Oil/Liquids Reserve Changes, 2013-2017 25
Natural Gas Production and Reserve 26
Natural Gas Production and Reserve Trend, 2013-2017 26
Natural Gas Production and Reserves, By Country/Region, 2013-2017 27
Natural Gas Reserve Changes, 2013-2017 28
Total Crude Oil and Natural Gas Reserves Life Index 29
Total Crude Oil and Natural Gas Reserves Life Index, 2013-2017 29
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2013-2017 30
Santos Ltd, E&P Costs Trends 31
Allocation of the Upstream Capital Expenditure 31
Upstream Capital Expenditure, 2013-2017 31
Acquisition Costs By Country/Region, 2013-2017 33
Exploration and Development Costs, By Country/Region, 2013-2017 34
Oil and Gas Cost Per boe, USD /boe 35
Oil and Gas Cost Per boe, USD /boe, 2013-2017 35
Oil and Gas Cost Per boe, USD /boe, By Country/Region, 2013-2017 37
Santos Ltd, Reserve Replacement Ratio 38
Oil and Gas Production Replacement Ratio 38
Oil and Gas Production Replacement Ratio, 2013-2017 38
Oil and Gas Production Replacement Ratio, By Country/Region, 2013-2017 41
Santos Ltd, Results of Oil & Gas Operations Trend 42
Oil and Gas Revenue and Expenses 42
Oil and Gas Revenue and Expenses, 2013-2017 42
Oil and Gas Revenue and Expenses, By Country/Region, 2013-2017 44
Oil and Gas Revenue and Expenses, Per boe 45
Oil and Gas Revenue and Expenses, By boe, 2013-2017 45
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2013-2017 47
Oil and Gas Performance Metrics 48
Exploration and Development Wells Drilled, 2013-2017 49
Exploration and Development Wells Drilled, By Country/Region, 2013-2017 50
Recent Developments 51
Santos Ltd-Recent Developments 51
Aug 24, 2018: Australian energy firm Santos to acquire Quadrant Energy for USD 2.15bn 51
Aug 23, 2018: Santos doubles half-year underlying profit to USD 217 million 51
Aug 17, 2018: PNG LNG signs mid-term sales agreement with BP Singapore 53
Aug 17, 2018: PNG LNG signs mid-term sales agreement with BP Singapore 54
Aug 14, 2018: Melbana Energy: Completion of beehive 3D seismic survey including extension for new lead 54
Aug 14, 2018: Melbana Energy: Completion of beehive 3D seismic survey including extension for new lead 56
Aug 13, 2018: Santos grows Cooper Basin natural gas with fourth rig 57
Aug 08, 2018: Santos announces barikewa-3 confirms significant natural gas resource in PNG 58
Appendix 59
Methodology 59
Coverage 59
Secondary Research 59
Primary Research 60
Data Information Sources 60
Company Source 60
SEC/Other Regulatory Filings 60
Other Sources 60
Expert Panel Validation 60
Data Definition 61
Oil and Gas Reserves 61
Units of Measure 61
About GlobalData 62
Disclosure 62
Disclaimer 62
List of Figure
List of Figures
Figure 1: Santos Ltd, Share Price Performance, AUD/Share, Q1, 2017-Q1, 2018 7
Figure 2: Santos Ltd, Key Valuation Metrics, EV/Production (USD /boed), EV/Proved Reserve (USD /boe), Q1, 2017-Q1, 2018 8
Figure 3: Santos Ltd, Results of Oil & Gas Operations Per boe Produced, USD /boe, Q1, 2017-Q1, 2018 9
Figure 4: Santos Ltd, Upstream Capital Expenditure, USD mil, Q1, 2017-Q1, 2018 10
Figure 5: Santos Ltd, Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2017-Q1, 2018 12
Figure 6: Santos Ltd, Total Crude Oil Production, mmbbl, Q1, 2017-Q1, 2018 14
Figure 7: Santos Ltd, Total Natural Gas Production, bcf, Q1, 2017-Q1, 2018 15
Figure 8: Santos Ltd, Share Price Performance, AUD/Share, 2013-2017 16
Figure 9: Santos Ltd, Key Valuation Metrics, EV/Production (USD /boed), EV/Proved Reserve (USD /boe), 2013-2017 18
Figure 10: Santos Ltd, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 19
Figure 11: Santos Ltd, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2013-2017 21
Figure 12: Santos Ltd, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2017 22
Figure 13: Santos Ltd, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 23
Figure 14: Santos Ltd, Oil Reserves, End of Period, By Country/Region, mmbbl, 2013-2017 24
Figure 15: Santos Ltd, Crude Oil Reserve Changes, mmbbl, 2017 25
Figure 16: Santos Ltd, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 26
Figure 17: Santos Ltd, Gas Reserves, End of Period, By Country/Region, bcf, 2013-2017 27
Figure 18: Santos Ltd, Natural Gas Reserve Changes, bcf, 2017 28
Figure 19: Santos Ltd, Oil and Gas Reserves Life Index, Years, 2013-2017 29
Figure 20: Santos Ltd, Upstream Capital Expenditure, USD mil, 2013-2017 31
Figure 21: Santos Ltd, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, USD /boe, 2013-2017 35
Figure 22: Santos Ltd, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2013-2017 38
Figure 23: Santos Ltd, Revenue and Expenses, USD mil, 2013-2017 42
Figure 24: Santos Ltd, Oil and Gas Revenue and Expenses, USD /boe, 2013-2017 45
Figure 25: Santos Ltd, Oil and Gas Performance Metrics, 2013-2017 48
List of Table
List of Tables
Table 1: Santos Ltd, Key Facts 6
Table 2: Santos Ltd, Share Price Performance, Q1, 2017-Q1, 2018 7
Table 3: Santos Ltd, Key Valuation Metrics, Q1, 2017-Q1, 2018 8
Table 4: Santos Ltd, Results of Oil & Gas Operations Per boe Produced, USD /boe, Q1, 2017-Q1, 2018 9
Table 5: Santos Ltd, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2017-Q1, 2018 10
Table 6: Santos Ltd, Upstream Capital Expenditure, Q1, 2017-Q1, 2018 11
Table 7: Santos Ltd, Total Crude Oil and Natural Gas, Production, Q1, 2017-Q1, 2018 13
Table 8: Santos Ltd, Total Crude Oil Production, mmbbl, Q1, 2017-Q1, 2018 14
Table 9: Santos Ltd, Total Natural Gas Production, bcf, Q1, 2017-Q1, 2018 15
Table 10: Santos Ltd, Share Price Performance, 2013-2017 17
Table 11: Santos Ltd, Key Valuation Metrics, 2013-2017 18
Table 12: Santos Ltd, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 20
Table 13: Santos Ltd, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2013-2017 21
Table 14: Santos Ltd, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013-2017 22
Table 15: Santos Ltd, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 23
Table 16: Santos Ltd, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2013-2017 24
Table 17: Santos Ltd, Crude Oil Reserve Changes, mmbbl, 2013-2017 25
Table 18: Santos Ltd, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 26
Table 19: Santos Ltd, Natural Gas Production and Reserves, By Country/Region, bcf, 2013-2017 27
Table 20: Santos Ltd, Natural Gas Reserve Changes, bcf, 2013-2017 28
Table 21: Santos Ltd, Oil and Gas Reserves Life Index, Years, 2013-2017 29
Table 22: Santos Ltd, Oil and Gas Reserves Life Index, By Country/Region, Years, 2013-2017 30
Table 23: Santos Ltd, Upstream Capital Expenditure, USD mil, 2013-2017 32
Table 24: Santos Ltd, Proved and Unproved Acquisition Costs, By Country/Region, USD mil, 2013-2017 33
Table 25: Santos Ltd, Exploration and Development Costs, By Country/Region, USD mil, 2013-2017 34
Table 26: Santos Ltd, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, USD /boe, 2013-2017 36
Table 27: Santos Ltd, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, USD /boe, By Country/Region, 2013-2017 37
Table 28: Santos Ltd, Oil and Gas Production Replacement Ratio, %, 2013-2017 39
Table 29: Santos Ltd, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2013-2017 41
Table 30: Santos Ltd, Revenue and Expenses, USD mil, 2013-2017 43
Table 31: Santos Ltd, Revenue and Expenses, By Country/Region, USD mil, 2013-2017 44
Table 32: Santos Ltd, Oil and Gas Revenue and Expenses, USD /boe, 2013-2017 46
Table 33: Santos Ltd, Oil and Gas Revenue and Expenses, USD /boe, By Country/Region, 2013-2017 47
Table 34: Santos Ltd, Oil and Gas Performance Metrics, 2013-2017 48
Table 35: Santos Ltd, Exploratory and Developed Wells, 2013-2017 49
Table 36: Santos Ltd, Exploratory and Developed Wells, By Country/Region, 2013-2017 50
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