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Santos CEO David Knox discusses the future of gas at UCL Australia
5 November 2013
5 November 2013
Santos is operating closer to communities than ever before and continues to adapt its procedures to ensure it delivers on its social responsibilities, chief executive David Knox told a lecture at UCL Australia yesterday.
“It is not just about making money for shareholders – it is about doing it in the right way, doing it in a sustainable fashion and creating a great company,” Mr Knox said.
“As CEO, it is about making sure the company performs, delivers targets, operates safely and does it sustainably. Ultimately if we do that and do it well, shareholders, staff and the people we work with will benefit through long term returns.”
Mr Knox told students throughout all operations Santos accepted great social responsibility founded on five key principles:
1. Operating safely;
2. Protecting the environment;
3. Treating people with respect;
4. Minimising footprint; and
5. Making a positive impact on communities.
“The goal is to create a mutually benefitting arrangement for landowners and company stakeholders while operating responsibly, inflicting minimal impact on the environment so that in the long term, 20-30 years after production ceases; the production site will appear exactly how Santos initially found it,” he said.
Mr Knox said ensuring that the footprint was reasonably sized and fit for purpose was a necessity and Santos was relentless in seeking ways to further reduce its footprint across the production life cycle, while maximising the benefits for the community.
“Santos implements rigorous testing in regards to water modelling, fluid mechanics, and geological properties in effort to confidently operate safely and demonstrate social responsibility,” he said.
“Understanding the views of Australian landowners and effectively demonstrating, as opposed to merely discussing, social responsibility is core to the company’s values.
“Our principal challenge at Santos is to become a company that is not only admired here in Australia but also throughout Asia.”
This article was written by Mr. Matthew Bouraee, 2nd year MSc in Energy and Resources Management student and a Santos scholarship holder.
Santos Ltd is a founding partner of UCL Australia, contributing towards research, a professorial chair and scholarships. The scholarships form part of a $3m Santos programme to help UCL develop resources and energy expertise. This financial support is in addition to Santos’ $10m commitment to help establish UCL’s Adelaide campus.
Santos and Australia’s oil and gas industry has already directly benefitted from this program, recently recruiting a Graduate Reservoir Engineer from Nigeria and a Graduate Civil Engineer from Bangladesh.