1. Santos – upstream developments
CHDC Industry and Innovation Forum – July 2018
Irrigation at Fairview
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2. Disclaimer
This presentation contains forward looking statements that are subject to risk factors associated with the oil and gas industry. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables which could cause actual results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, geotechnical factors, drilling and production results, gas commercialisation, development progress, operating results, engineering estimates, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial markets conditions in various countries, approvals and cost estimates.
All references to dollars, cents or $ in this document are to Australian currency, unless otherwise stated.

3. Santos in Queensland An Australian energy pioneer
Australian company providing gas from Roma for more than 50 years
The Santos GLNG Project has completed over 1,000 wells and delivered its 200th LNG cargo
Lowest cost on-shore developer with strong safety record
Existing hubs at Roma, Fairview and Scotia
Expansion planned for Roma East and Arcadia

4. Lowest cost onshore developer
GLNG transformation journey
Roma Drilling
Continual review and optimisation of surface and sub-surface designs
83% reduction in costs and 68% reduction in drill cycle times enabled by:
Bringing drilling and completion in house
Fit for purpose design and eliminating waste
Adopting a fast learning cycle
Rig execution strategy – adopting lightweight hybrid coil
Night rig moves
Continuing to optimise drill bit selection
High volume of sequential and repeatable scope
Average days (rig release to rig release)
-68%
Roma Phase 1 (pre-2015)Roma Phase 1 (pre-2015)
Roma-2A (2015)
Roma-2B (2016)
Roma-3A (2017)
Roma drill, complete, connect
US$million per well
-83% .
5.2
3.2
1.6
0.9
Roma Phase 1 (pre-2015)Roma Phase 1 (pre-2015)
Roma-2A (2015)
Roma-2B (2016)
Roma-3A (2017)

5. 2018 plans Upstream investments
$900 million capital investment during 2018
New projects
Roma East – 3 year, $750m development sanctioned in February
Scotia – successfully commissioned ahead of schedule in April
Arcadia – 2 year, $400m development sanctioned in May
Ongoing activity
Fairview
Roma
Scotia plant

6. Ongoing community investment
Investing in economic and social infrastructure
Since the beginning of the project, we have made significant contributions to the communities in which we operate including:
$210 million to upgrade rural roads in regional Queensland
$2.5 million contribution in 2011 for the upgrade and expansion of Roma airport
$20 million over the life of the GLNG Project to the CareFlight aeromedical service
In 2017 Santos supported 62 community initiatives across our upstream footprint

7. Arcadia development Sanctioned May 2018
$400 million investment over 2 years
Located ~310km north of Roma
Project scope:
137 new wells and surface infrastructure
~140km gas and water gathering network
Construction of two 4G communication towers
New compression station
Reverse osmosis plant for a capacity of 4ML/d
Gas fired power station for a capacity of 5MW
Associated access roads and material laydown yard.
Arcadia 2020
Arcadia 2018

8. Supporting local communities
Maintaining our strong local presence
In the Arcadia Valley:
Sponsorship and support for school and community events
Telstra 4G network installations
AM/FM radio
Access to medic and training opportunities in camps
Meals available in camps
Road improvements – Lonesome jump-up and CHRC roads
Working bee at Wallumbilla

9. Arcadia indicative development timeline
2 year development timeframe
2018/19
2021/23
2023/26
Arcadia 2020

10. Working with us Santos encourages local industry participation
Local participation
Santos encourages local industry participation
Santos has purchased material and services totalling more than $16.6 billion Australia wide since 2011
This includes $9.0 billion in Queensland and $1.5 billion with regional Queensland businesses
Opportunities exist throughout the supply chain
For further information:
Call the Santos Community Information Hotline
Visit us at 72 Kimbler Rd, Roma (near the Ironbark Raceway/Stocklick)
Contractors at Fairview

11. Thank you & questions