Cover single - Santos

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GLOSSARY
CRUDE OIL
1 barrel = 1 boe
SALES GAS
1 petajoule = 171.937 boe x10 3
CONDENSATE/NAPHTHA
1 barrel = 0.935 boe
LPG
1 tonne = 8.458 boe
appraisal well
An exploration well drilled for the
purpose of identifying extensions
to known fields or discoveries.
barrel/bbl
The standard unit of
measurement for all production
and sales. One barrel equals
159 litres or 35 imperial gallons.
boe
Barrels of oil equivalent.
The factors used by Santos
to convert volumes of different
hydrocarbon production to
barrels of oil equivalent are
printed above.
bopd
Barrels of oil per day.
the Company
Santos Ltd and its subsidiaries.
development well
A well drilled to enable
production from a known oil or
gas reservoir.
exploration well
A wildcat or appraisal well drilled
to find new reserves of oil or gas.
fracture stimulation
A technique used to improve
hydrocarbon recovery from
reserves with poor permeability
or porosity. Fracture stimulation
involves the fracturing of the
reservoir rock to encourage
the flow of hydrocarbons.
hydrocarbons
Solid, liquid or gas compounds
of the elements hydrogen
and carbon.
LPG
Liquefied petroleum gas.
mbbls
Thousand barrels.
mmbbls
Million barrels.
mmboe
Million barrels of oil equivalent.
OABU
Offshore Australia Business Unit.
petroleum liquids
Crude oil, condensate, or its
derivative naphtha, and the
liquefied petroleum gases
propane and butane.
PJ
Petajoules. Joules are the
metric measurement unit for
energy. A petajoule is equal to
1 kilojoule x 10 12 . The equivalent
imperial measure to joules is
British Thermal Units (BTU).
One kilojoule = .9478 BTU.
PSC
Production sharing contract.
QNTBU
Queensland and Northern
Territory Business Unit.
reserves
Proved and probable reserves as
defined by the Australian Stock
Exchange Ltd (ASX). Proved
reserves are those reserves that,
to a high degree of certainty, are
clearly recoverable, at commercial
rates, under currently anticipated
production methods, operating
conditions, prices and costs.
Probable reserves are those
reserves that may be reasonably
assumed to exist because of
geophysical or geological
indications and drilling done
in regions which contain proved
reserves. Reserves reported are
based on, and accurately reflect,
information compiled by full-time
employees of the Company who
have the requisite qualifications
and experience prescribed by the
ASX Listing Rules.
SABU
South Australia Business Unit.
Santos
Santos Ltd and its subsidiaries.
SEABU
South East Asia Business Unit.
seismic survey
A survey used to gain an
understanding of rock formations
beneath the earth’s surface.
SUSAC
Santos USA Corp.
TJ
Terajoules. Joules are the metric
measurement unit for energy. A
terajoule is equal to 1 joule x 10 12 .
TRCF
Total recordable case frequency
rate.
wildcat well
An exploration well drilled to
identify new accumulations of
oil or gas.