Santos spuds first Beetaloo Basin appraisal well in Northern Territory

• Santos spudded its first Beetaloo Basin appraisal well, starting a drilling campaign to test commerciality of its shale gas acreage.
• The program targets long-term domestic gas supply, with potential to supply up to 10 Mtpa of LNG for 50+ years.
• Beetaloo Sub-basin estimated at more than 430 tcf of undiscovered gas-in-place on a basin-wide P50 basis.
• Full-scale development could support 6,500 jobs, delivering up to AUD 2.8 billion for the Northern Territory over 25 years.
• Darwin LNG positioned as an export outlet, with Santos flagging a potential Beetaloo pipeline tie-in and a second LNG train.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Santos Ltd. published the original content used to generate this news brief on September 08, 2026, and is solely responsible for the information contained therein.