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Investor Presentaiton

Santos Offshore Division - WA and NT Santos High quality portfolio of operated production and near field development and exploration assets Strong operating performance Integrated operations across Varanus Island, + Devil Creek and Macedon domestic gas hubs + High margin with premium to Brent oil + production across Van Gogh and Pyrenees ConocoPhillips transaction delivers operatorship and control of strategic LNG infrastructure with growth Future Exploration and Development + Low development cost, high return tie-back opportunities to existing domestic infrastructure + Oil infill opportunities in Van Gogh and Pyrenees + Barossa and Dorado represent major growth + Material exploration opportunities across Carnarvon, Bedout and Northern Australia basins Western Australia & Northern Territory Site Visit 2019 OVARANUS ISLAND HUB O DEVIL CREEK GAS PLANT O MACEDON GAS-PLANT 0 100 200 300 km DARWIN LNG O O Facility ---- Proposed Gas Pipeline Gas Pipeline Oil Pipeline Gas Field Oil Field Santos Acreage 14 Oct 2019 JA5450 5
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