Production
Annual production was 59.1 mmboe in 2007 (161,917 boepd)
Santos reported its highest ever annual production of 61.0 million barrels of oil equivalent (mmboe) in 2006.
Reserves
On a proven (1P) basis, year-end reserves increased to 485 mmboe, after allowing for the 2007 production of 59.1 mmboe. This represents a 1P reserves replacement ratio (RRR) of 175% for 2007, and 178% on a 3 year rolling-average basis.
On a proven and probable (2P) basis, year-end reserves increased to 879 mmboe. This represents a 2P RRR of 178% for 2007, and 234% on a 3 year rolling-average basis.
Contingent resources increased by 15% to over 2.6 billion boe, or over 14.5 trillion cubic feet (tcf).
The reserves additions in 2007 were mostly from organic growth sources, with acquisitions and divestments being insignificant in the final result.
