{"product_id":"santos-business-model-canvas","title":"Santos Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSantos's Business Model: A Deep Dive\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eDiscover the core components of Santos's successful business strategy with our detailed Business Model Canvas. Understand their customer relationships, revenue streams, and key resources that drive their operations. This insightful analysis is perfect for anyone looking to replicate or adapt proven business frameworks.\u003c\/p\u003e\n\u003cp\u003eUnlock the full strategic blueprint behind Santos's business model. This in-depth Business Model Canvas reveals how the company drives value, captures market share, and stays ahead in a competitive landscape. Ideal for entrepreneurs, consultants, and investors looking for actionable insights.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eJoint Venture Partners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eSantos frequently engages in joint ventures with other energy companies to tackle large-scale projects. These collaborations allow for the sharing of financial risk, operational responsibilities, and specialized expertise.  For instance, in 2024, Santos continued its significant involvement in projects like Papua LNG and Barossa, which are prime examples of how these partnerships are essential for developing complex oil and gas fields and constructing major infrastructure such as LNG plants.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGovernment Bodies and Regulators\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eSantos actively cultivates relationships with government bodies and regulators to secure crucial exploration and production licenses. This engagement is vital for obtaining environmental approvals and maintaining compliance with stringent industry standards, ensuring operational continuity.\u003c\/p\u003e\n\u003cp\u003eOngoing dialogue with these entities is key to progressing new projects and addressing potential concerns, as exemplified by the environmental plan reviews for projects like Barossa. For instance, in 2024, Santos continued its engagement with Australian federal and state governments on various regulatory matters impacting its offshore and onshore operations.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTechnology and Service Providers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eSantos collaborates with technology and service providers for critical exploration, drilling, and engineering needs. These partnerships are essential for accessing specialized expertise and advanced solutions, ensuring operational efficiency and project success.\u003c\/p\u003e\n\u003cp\u003eIn 2024, Santos continued to leverage these relationships, for instance, in its ongoing development of the Barossa project, which relies on sophisticated subsea technology and integrated services from global leaders. This reliance on external expertise allows Santos to implement cutting-edge techniques, optimizing their extraction processes and project timelines.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCustomers (Long-term Offtake Agreements)\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eSantos's key customer partnerships are built on long-term offtake agreements, primarily with buyers in Asia. These agreements are crucial for securing revenue and ensuring the financial success of its liquefied natural gas (LNG) projects.\u003c\/p\u003e\n\u003cp\u003eThese long-term contracts provide a stable revenue stream, which is vital for Santos's business model. For example, in 2024, Santos continued to leverage its existing customer relationships, ensuring consistent demand for its LNG production.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eHokkaido Gas:\u003c\/strong\u003e Long-standing agreement for LNG supply, demonstrating a reliable customer relationship.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eShizuoka Gas Co.:\u003c\/strong\u003e Another key Japanese customer underscoring the importance of the Japanese market.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eTotalEnergies:\u003c\/strong\u003e A significant partner and customer, highlighting strategic alliances in the energy sector.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eGlencore:\u003c\/strong\u003e Demonstrates diversification in customer base, including major commodity traders.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLocal Communities and Landowners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eSantos prioritizes building robust relationships with Indigenous communities and landowners in its operational regions. This is fundamental for securing a social license to operate and ensuring the smooth continuation of projects.  These partnerships are built on mutual respect and a commitment to shared benefits.\u003c\/p\u003e\n\u003cp\u003eAgreements and investments are key strategies Santos employs to foster equitable resource sharing and effectively address local concerns. This approach is demonstrated through its active engagement in areas like Papua New Guinea and with the Tiwi Islands. For instance, in 2023, Santos continued its commitment to community development programs, investing in education and infrastructure projects that directly benefit local populations.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eSocial License:\u003c\/strong\u003e Essential for project continuity and operational stability.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eEquitable Sharing:\u003c\/strong\u003e Agreements ensure local communities benefit from resource development.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCommunity Investment:\u003c\/strong\u003e Focus on education and infrastructure projects, with significant 2023 investments ongoing into 2024.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eStakeholder Engagement:\u003c\/strong\u003e Proactive dialogue and collaboration with landowners and Indigenous groups.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSantos's Strategic Partnerships: Pillars of Success\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eSantos's key partnerships are crucial for its operational success and strategic growth. These include joint ventures with other energy firms for large projects, essential government and regulatory relationships for licenses and approvals, and collaborations with technology providers for specialized needs.  Customer partnerships, particularly long-term offtake agreements with Asian buyers, are vital for revenue stability, while strong relationships with Indigenous communities ensure a social license to operate.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003ePartnership Type\u003c\/th\u003e\n\u003cth\u003eKey Partners\u003c\/th\u003e\n\u003cth\u003e2024 Relevance\/Activity\u003c\/th\u003e\n\u003cth\u003eImpact\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eJoint Ventures\u003c\/td\u003e\n\u003ctd\u003eOther Energy Companies\u003c\/td\u003e\n\u003ctd\u003ePapua LNG, Barossa Project development\u003c\/td\u003e\n\u003ctd\u003eRisk sharing, expertise pooling for large-scale projects\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGovernment\/Regulatory\u003c\/td\u003e\n\u003ctd\u003eAustralian Federal \u0026amp; State Governments\u003c\/td\u003e\n\u003ctd\u003eSecuring licenses, environmental plan reviews (e.g., Barossa)\u003c\/td\u003e\n\u003ctd\u003eOperational continuity, project progression, compliance\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTechnology\/Service Providers\u003c\/td\u003e\n\u003ctd\u003eGlobal Leaders in Subsea Technology\u003c\/td\u003e\n\u003ctd\u003eBarossa project's subsea infrastructure\u003c\/td\u003e\n\u003ctd\u003eAccess to advanced solutions, operational efficiency\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCustomer Agreements\u003c\/td\u003e\n\u003ctd\u003eHokkaido Gas, Shizuoka Gas, TotalEnergies, Glencore\u003c\/td\u003e\n\u003ctd\u003eContinued demand for LNG production\u003c\/td\u003e\n\u003ctd\u003eStable revenue streams, financial success of LNG projects\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCommunity Relations\u003c\/td\u003e\n\u003ctd\u003eIndigenous Communities, Landowners\u003c\/td\u003e\n\u003ctd\u003eCommunity development programs, equitable resource sharing\u003c\/td\u003e\n\u003ctd\u003eSocial license to operate, project continuity\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA detailed, pre-formatted Business Model Canvas specifically designed for the Santos company, outlining its strategic approach to customer segments, value propositions, and operational channels.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eSimplifies complex business strategy into a clear, actionable framework, reducing the pain of strategic confusion.\u003c\/p\u003e\n\u003cp\u003eProvides a visual roadmap to identify and address potential business model weaknesses, alleviating the stress of uncertainty.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eExploration and Appraisal\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eSantos's exploration and appraisal activities are crucial for its long-term viability, involving extensive geological surveys and seismic imaging to pinpoint potential hydrocarbon reserves.  This phase is inherently capital-intensive and carries substantial risk, as demonstrated by Santos's 2024 capital expenditure program which allocated a significant portion to exploration and appraisal across its portfolio.\u003c\/p\u003e\n\u003cp\u003eThe company employs exploratory drilling to confirm the presence and commercial viability of discovered resources, a process that requires substantial upfront investment but is essential for replenishing its production base. In 2024, Santos continued to advance appraisal programs on key discoveries, aiming to de-risk future development and confirm the economic potential of these assets.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDevelopment and Construction\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eOnce Santos proves hydrocarbon reserves, its core activity shifts to development and construction. This phase involves the intricate design and building of essential infrastructure, including production facilities, extensive pipeline networks, and sophisticated processing plants, all crucial for bringing discovered resources to market.\u003c\/p\u003e\n\u003cp\u003eSignificant capital is deployed in this stage, as seen with ongoing major projects. For instance, the Barossa LNG project, a key development for Santos, represents a substantial investment, highlighting the company's commitment to expanding its liquefied natural gas capabilities. Similarly, Pikka Phase 1 in Alaska is another large-scale undertaking requiring meticulous project management and considerable financial outlay.\u003c\/p\u003e\n\u003cp\u003eThese development and construction activities are central to Santos’s strategy for unlocking value from its asset base. The successful execution of these projects directly impacts future production volumes and revenue streams, underscoring their critical importance to the company's overall performance and growth objectives in the energy sector.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eProduction and Operations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eSantos's core activities center on the safe and efficient extraction of natural gas, crude oil, condensate, and other hydrocarbons from its diverse asset portfolio. This includes maximizing output from established infrastructure and ensuring high operational reliability across all its managed facilities.\u003c\/p\u003e\n\u003cp\u003eIn 2024, Santos continued to focus on optimizing production, with significant contributions from its Western Australia assets, including the Varanus Island Hub and the Reindeer platform. The company reported strong operational performance, underscoring its commitment to maximizing output from existing reserves.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMarketing and Sales\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eSantos actively markets and sells its diverse range of hydrocarbon products, including Liquefied Natural Gas (LNG), domestic gas, crude oil, and various liquids. This broad portfolio caters to a wide spectrum of customers primarily located across Australia and the broader Asian market. \u003c\/p\u003e\n\u003cp\u003eThe company employs a strategic approach to sales, managing both long-term, stable contracts and opportunistic spot sales. This dual strategy is designed to maximize revenue and ensure consistent market presence. For instance, in 2024, Santos continued to leverage its significant LNG export capacity, a key driver of its international sales. \u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eLNG Sales:\u003c\/strong\u003e Santos's LNG operations, particularly from projects like Darwin LNG and the upcoming Barossa project, are central to its Asian market strategy.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eDomestic Gas:\u003c\/strong\u003e Supplying domestic gas to Australian industries and households remains a crucial part of its sales activities, ensuring energy security.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCrude Oil and Liquids:\u003c\/strong\u003e The sale of crude oil and associated liquids contributes to revenue diversification and serves specific refining and petrochemical markets.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eContract Management:\u003c\/strong\u003e Optimizing revenue through the careful management of both long-term supply agreements and short-term spot market transactions is a core sales function.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCarbon Management and Decarbonisation Initiatives\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eSantos is increasingly focused on carbon management and decarbonisation. A significant part of this involves developing and deploying carbon capture and storage (CCS) technologies. This is a crucial step in reducing the company's operational emissions and offering new services to the market.\u003c\/p\u003e\n\u003cp\u003eThe company is actively operating its Moomba CCS project, which is a key initiative in this area. Beyond existing operations, Santos is continuously exploring new opportunities to further reduce its carbon footprint and expand its carbon management service offerings to other industries.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eMoomba CCS Project:\u003c\/strong\u003e Santos is operating this significant CCS project, demonstrating practical application of the technology.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eEmission Reduction Focus:\u003c\/strong\u003e A core activity is the ongoing effort to reduce direct and indirect greenhouse gas emissions across operations.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eNew Decarbonisation Opportunities:\u003c\/strong\u003e The company is actively seeking and developing new projects and services aimed at decarbonisation.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCarbon Management Services:\u003c\/strong\u003e Santos is positioning itself to offer expertise and solutions for carbon management to external clients.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHydrocarbon Value Chain and Carbon Management Focus\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eSantos's key activities encompass the entire hydrocarbon value chain, from identifying potential reserves through exploration and appraisal to developing and constructing the necessary infrastructure. This is followed by the efficient extraction and production of oil and gas, and finally, the marketing and sale of these products to a global customer base. A growing focus is placed on carbon management and decarbonisation initiatives, notably through carbon capture and storage (CCS) projects.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003ctd\u003eKey Activity\u003c\/td\u003e\n\u003ctd\u003eDescription\u003c\/td\u003e\n\u003ctd\u003e2024 Relevance\/Data\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eExploration \u0026amp; Appraisal\u003c\/td\u003e\n\u003ctd\u003eIdentifying and confirming hydrocarbon reserves.\u003c\/td\u003e\n\u003ctd\u003eSignificant capital allocation to exploration programs across the portfolio.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDevelopment \u0026amp; Construction\u003c\/td\u003e\n\u003ctd\u003eBuilding infrastructure for production.\u003c\/td\u003e\n\u003ctd\u003eOngoing investment in major projects like Barossa LNG and Pikka Phase 1.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProduction\u003c\/td\u003e\n\u003ctd\u003eExtracting hydrocarbons from reserves.\u003c\/td\u003e\n\u003ctd\u003eFocus on optimizing output from Western Australia assets, including Varanus Island Hub.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMarketing \u0026amp; Sales\u003c\/td\u003e\n\u003ctd\u003eSelling LNG, domestic gas, crude oil, and liquids.\u003c\/td\u003e\n\u003ctd\u003eLeveraging significant LNG export capacity to Asian markets; managing long-term contracts and spot sales.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCarbon Management\u003c\/td\u003e\n\u003ctd\u003eDeveloping and deploying CCS technologies.\u003c\/td\u003e\n\u003ctd\u003eOperating the Moomba CCS project; actively seeking new decarbonisation opportunities.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eFull Version Awaits\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe Santos Business Model Canvas preview you are viewing is an exact representation of the document you will receive upon purchase. 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