Company profile and history, and an overview of Santos’ vision, strategy and values.
Summary of production results for 2006.
Details of the main corporate governance practices Santos has in place.
2006 OPERATING AND FINANCIAL HIGHLIGHTS
Summary of reserves movements in 2006.
MAJOR ANNOUNCEMENTS MADE BY SANTOS DURING 2006
Key results for 2006 and three-year performance.
STRONG DRILLING RESULTS AND EXPANSION INTO ASIA
Major releases to the market as part of continuous disclosure.
PROGRESS MADE ON THE GROWTH STRATEGY IN 2006
Milestones that delivered on the growth strategy during 2006 and share price performance.
RECORD RESULTS AS TARGETS MET
Exploration results, acreage additions and new ventures activities in 2006, together with the program for 2007.
THREE NEW DEVELOPMENTS STARTED PRODUCTION
SANTOS GROUP INTERESTS
Santos’ licence areas and percentage interests.
Statistical summary of financial performance.
Chairman Stephen Gerlach comments on Santos’ performance in 2006.
GROWTH CONTINUED AS PRODUCTION AND REVENUE ROSE
Development projects that commenced production or were further progressed.
GAS SUPPLY HUBS UNDERPINNED INNOVATIVE CONTRACTS
DIRECTORS’ STATUTORY REPORT
Directors’ shareholdings, meetings, activities and emoluments.
Managing Director John Ellice-Flint reviews a year where production and revenue hit record levels as new projects started up.
Innovative use of infrastructure hubs which delivered new gas contracts and opportunities.
Remuneration details for Directors and key executives.
OPERATING PERFORMANCE REMAINED STRONG
Putting the numbers in perspective and explaining the 2006 financial results.
LNG AND CARBON OPPORTUNITIES A PRIORITY
LNG and carbon strategies together with acquisitions and divestments in 2006.
Income statements, balance sheets, cash flow statements, statements of recognised income and expense, and notes to the consolidated financial statements.
PERFORMANCE AGAINST STRATEGIC TARGETS IN 2006
GOOD PROGRESS WAS MADE IN MANAGING SUSTAINABILITY
SECURITIES EXCHANGE AND SHAREHOLDER INFORMATION
Sustainability framework, policies, systems and activities, including safety and environmental performance, employees and communities.
BOARD OF DIRECTORS
Directors’ biographical details.
SANTOS LEADERSHIP TEAM
Senior executives’ responsibilities and biographical details.
THE WORLD OF SANTOS
RECORD PRODUCTION AND SALES WERE ACHIEVED
Explanation of Santos’ performance against its long-term targets.
Locations of Santos’ global exploration, development and production activities.
Production and sales analysis plus activities that are creating value from Santos’ changing production profile.
139 Listing of top 20 shareholders, analysis of shares and voting rights.
INFORMATION FOR SHAREHOLDERS
141 Annual General Meeting, final dividend, shareholder enquiries and information resources for shareholders.
142 GLOSSARY 144 INDEX
Santos Ltd ABN 80 007 550 923
Cover photograph: Sedco 601 rig which drilled the Wortel-1 gas discovery offshore East Java.