Reimagining the future of gas

Abstract

To meet the twin objectives of limiting climate change and providing affordable energy to a growing and urbanised population, natural gas must adapt its role in a changing energy market and remain competitive with other sources of energy longer term. Santos is ensuring its role in this future by incorporating technology into its existing operations to improve energy efficiency, reduce operating costs and reduce emissions. The declining cost of new technology, historic production data and analytics create opportunities to improve efficiency in existing facilities. As new technologies such as variable renewable power generation increase their market penetration, the role of gas and the opportunities for gas producers are also changing.

Santos is investigating several projects that incorporate new technology and leverage these market changes. These projects include:

• conversion of existing operations to run partially or fully on renewable power to reduce fuel consumption, reduce emissions from Santos’ operations, improve reliability and make more product available to the market;

• using predictive analytics to improve well performance;

• using technology to improve logistics performance; and

• leveraging Santos’ existing infrastructure footprint to develop commercial-scale gas, renewable and storage hybrid power projects.