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Investor Presentaiton

Bayu-Undan overview Bayu-Undan is a mature gas-liquids project (Santos operated 68.4%)¹ Gas-condensate field in Timor Sea + Capacity 600 mmscf/d + + + Timor-Leste Treaty Transition contains stabilisation of tax and regulatory regimes Developed by lean gas recycling with condensate and LPG extraction in 2004, followed by export of lean gas to Darwin LNG in 2006 + Offshore facilities comprise: + CPP (Central Production and Processing complex) + FSO (Floating, Storage and Offloading facility), 2km from the CPP + WP1 - an unmanned platform 7kms east of CPP + 20 production wells (2 subsea) and 2 subsea water injection wells 1 Santos to acquire ConocoPhillips' interests in and operatorship of Darwin LNG, Bayu-Undan, Barossa and Poseidon, subject to third-party consents and regulatory approvals. Western Australia & Northern Territory Site Visit 2019 Santos 36
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