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Indigenous communities as cultural heritage officers on Santos’ exploration and development projects.

These individuals receive training in Santos’ environment, health and safety policies and procedures as well as four-wheel-drive, remote area GPS navigation and computer skills.

INCLUSION IN INDICES

Santos has been listed on the Australian SAM Sustainability Index (AusSSI) since the index was established in February 2005. It tracks the performance of about 70 Australian companies considered to be leaders in their sector.

The Company is also listed on the Reputex Social Responsibility Index which comprises those companies from the ASX 300 Index that have achieved a Reputex corporate social responsibility rating of ‘A’ (satisfactory) or higher.

2006 SUSTAINABILITY REPORT

More information about Santos’ progress against sustainability targets is available in the 2006 Sustainability Report.

The report can be downloaded from the Santos website at www.santos.com/sustainability or a printed copy can be ordered from Santos’ Share Register by telephoning 08 8218 5111.

Shareholders can also elect to receive future Sustainability Reports by contacting the Share Register.

230.7

216.6

214.0

191.8

754.2

544.7

433.8

305.6

427.5

209.3

169.6

118.7

3.8

3.5

4.0

3.2

SUMMARY OF SOCIOECONOMIC CONTRIBUTION

2006

2005

2004

2003

1,679

1,521

1,526

1,700

Number of employees

Number of shareholders

Wages and salaries ($million)

Materials, goods and services ($million)

Royalties and taxes ($million)

Sponsorship ($million)

83,566 78,157 78,976 84,327

Santos continued to provide a significant socioeconomic contribution to the communities in which it operates through suppliers and contracts, employee salaries and community sponsorship activities.

SANTOS CORPORATE STRUCTURE

VICE PRESIDENT

VICE PRESIDENT

VICE PRESIDENT

EXECUTIVE VICE PRESIDENT

VICE PRESIDENT

CHIEF FINANCIAL OFFICER

GENERAL COUNSEL AND COMPANY SECRETARY

VICE PRESIDENT

GEOSCIENCE AND NEW VENTURES

GAS MARKETING AND COMMERCIALISATION

DEVELOPMENT PROJECTS AND TECHNICAL SERVICES

OPERATIONS

STRATEGIC PROJECTS

CORPORATE AND PEOPLE

Santos is structured on a functional basis which is aligned with its growth strategy and reflects the asset life cycle of an exploration and production company.

Santos Annual Report 2006 31

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