10% less than budget.
CASINO AND JOHN BROOKES
SANCTIONED
While two projects came into
production, Santos added two
more to the development
conveyor with the sanctioning of
the Casino and John Brookes gas
projects during the year.
Casino was formally sanctioned 
in October and was 25% complete
by the end of the year. This 
is a significant achievement
considering the field was only
discovered in late 2002.
The $200 million development
commenced following the
granting of the necessary Board
approvals as well as the
finalisation of a larger Gas Sales
Agreement with TXU. Gas
production is expected to start 
in the first quarter of 2006.
All formal environmental
approvals have now been 
granted for the project by the
Commonwealth Government. The
use of existing onshore facilities
and a low environmental impact
design have been integral to
‘2004 was the year that 
we really got the conveyor 
belt moving in terms of
development projects. In 2005
we’ll hand over to Operations
our first offshore operated
project, Mutineer-Exeter, ahead
of schedule and under budget,
and we’ll continue to progress
several other new offshore
developments, targeted to be
on stream during 2005-06. ’
PAUL MOORE 
Vice President 
Development Projects 
and Technical Services
Capturing and Delivering Growth
COMMISSIONING AND DELIVERING 
GROWTH PROJECTS
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