Company report

Santos oil and gas exploration summary

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about subscriptions

Already have subscription? Sign In

Further information

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image
For details on how your data is used and stored, see our Privacy Notice.

Report summary

The oil price collapse hit Santos at a time of maximum balance sheet stress, and the ramifications have been transformational. The exploration team has been downsized and restructured and budgets have been reduced. In the short term, E&A activity will now look to maximise value by providing additional volumes to the infrastructure that is already in place. In the longer term, Santos will continue to look for growth opportunities around those core areas and for high value gas targets in other locations.

What's included

This report contains

  • Document


    XLS 642.00 KB

  • Document

    Santos oil and gas exploration summary

    PDF 689.46 KB

  • Document

    Santos oil and gas exploration summary

    ZIP 892.70 KB

Table of contents

  • Executive summary
    • Upstream strategy
    • Exploration Outlook
    • Evolution of exploration strategy
  • Investment and costs
    • Well data
  • Reserves and resources
  • Production
    • Australian focus produced results
    • Pioneering CSG to LNG project is transformational
    • Asian exploration hasn't delivered results

Tables and charts

This report includes 24 images and tables including:


  • Basins drilled and all conventional & organic unconventional discoveries 2007-2016
  • Exploration & appraisal spend and reinvestment
  • Exploration & appraisal spend by water depth
  • Exploration & appraisal spend by basin maturity
  • Discovery costs by water depth
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Volumes discovered by country
  • Volumes discovered by basin
  • Production from new field discoveries and unconventionals, and as a proportion of all future production
  • Net active exploration acreage by water depth
  • Net active conventional acreage by country
  • Exploration wells drilled and spend per well
  • Exploration success rates
  • Full cycle value creation by year, with uncons
  • Exploration returns by year, with uncons
  • Costs and development value by reserve category
  • Exploration returns by water depth


  • Ten year performance summary
  • Discoveries (2007 to 2016)
  • Key organic unconventional plays
  • Full-cycle economics
  • SWOT grid
  • Gross conventional exploration and appraisal wells by basin and sector

You may be interested in


Questions about this report?

    • Europe:
      +44 131 243 4699
    • Americas:
      +1 713 470 1900
    • Asia Pacific:
      +61 2 8224 8898