Investor Presentaiton
Santos
2023 Alaska Investor Trip
Investing in Advantaged Assets over the Energy Evolution
Santos' Alaska assets are highly economic, low emissions projects that are globally competitive
•
Oil & gas investments required to meet
expected demand over the upcoming
decades, even in an energy transition
• Wood Mackenzie defines "advantaged"
resource based on resilience (low cost),
sustainability (low emissions),
predictability (low risk) and timeliness
(early payback)
.
Santos' Alaska assets are advantaged
based on these criteria
Minimize intensity and do the most
economically compelling projects first
Offset remaining carbon emissions
Source: Wood Mackenzie, Defining Advantaged Resources, July 2023
Resilience (breakeven) and sustainability (emissions intensity) of undeveloped fields
Emissions intensity (kgCO₂e/boe)
60
Potentially advantaged
50
50
40
30
30
20
20
10
Advantaged
STO
• Alaska
0
0
10
20
30
assets
40
Commercial
disadvantaged
50
Sub-commercial
disadvantaged
Oil field
Gas field
60
70
80
90
Breakeven (10%, Brent US$/boe)
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