The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Dale Johannes Koenders - Barrenjoey Markets Pty Limited, Research Division - Analyst
: Kevin, I was hoping you could provide some comments around your outlook for excess cash flow going forward from the organization and (inaudible)
bigger start-up really with a strong cash result and dividend announced this morning. You've given free cash flow breakeven of $34 a barrel in '23.
Is that reflective of the business over the next few years? And then major CapEx of $1.8 billion in '23. Is it fair to assume something similar going
forward Papua, Dorado, Narrabri, CCS, all are sanctioned and the balance of those 2, what does that mean for potential for programmatic buybacks
going forward?
Question: Dale Johannes Koenders - Barrenjoey Markets Pty Limited, Research Division - Analyst
: What's the right level of CapEx going forward for major growth projects, $1.8 billion in 2023.
Question: Dale Johannes Koenders - Barrenjoey Markets Pty Limited, Research Division - Analyst
: Okay. So it really is a balance between excess returns and growth or getting the right balance between those 2 still?
Question: Dale Johannes Koenders - Barrenjoey Markets Pty Limited, Research Division - Analyst
: Okay. And then just second question, GLNG, 350 to 400 wells in '23. What does that do in terms of the outlook for production, given previously
spoke about sort of 200 to 300 wells to sustain 6 million tonnes per annum?
Question: Gordon Alexander Ramsay - RBC Capital Markets, Research Division - Analyst
: It's Gordon. Kevin, the PNG government made a statement about the pool LNG possibly moving forward with 4 many liquefaction trains instead
of the 2 that has initially proposed for the project. Can you possibly comment on potential cost savings from doing that?
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FEBRUARY 22, 2023 / 12:30AM, STO.AX - Full Year 2022 Santos Ltd Earnings Call
Question: Gordon Alexander Ramsay - RBC Capital Markets, Research Division - Analyst
: Just on Barossa, has Santos made its environmental resubmission yet or are you still in the kind of the consultation phase on that?
Question: Gordon Alexander Ramsay - RBC Capital Markets, Research Division - Analyst
: There's been some commentary on the pipeline way possibly being delayed. Can you say anything there? We obviously know what's going on
with the drilling.
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