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w i t h a p o r t f o l i o f o r g r o w t h . W e a c h i e v e d r e c o r d p r o d u c t i o n a n d p o s i t i v e i n a n c i a l r e s u l t s i n 2 0 0 6 , w h i l e i n e - t u n i n g o u r s t r a t e g y a r o u n d o u r p o r t f o l i o o f i v e g r o w t h b u s i n e s s e s .

A PORTFOLIO OF GROWTH BUSINESSES

COOPER BASIN OIL

EASTERN AUSTRALIAN GAS

WESTERN AUSTRALIAN OIL AND GAS

LNG PROJECTS

ASIAN GROWTH

Unique infrastructure and know-how

Versatility through supply hubs

Growth at higher prices

Large contingent resources

Growing international profile

Santos Annual Report 2006 1

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