Santos


Description

An Australian energy pioneer since 1954, Santos is one of the country’s leading gas producers, supplying Australian and Asian customers.

Santos has been providing Australia with natural gas from the remote outback for more than 40 years. The company today is the largest producer of natural gas to the Australian domestic market, supplying 16% of the nation’s gas needs.

Santos has also developed major oil and liquids businesses in Australia and operates in all mainland Australian states and the Northern Territory.

From this base, Santos is pursuing a transformational liquefied natural gas (LNG) strategy with interests in four exciting LNG projects.

This strategy is led by the cornerstone GLNG project in Queensland – a leading project in converting coal seam gas into LNG. Also in Santos’ LNG portfolio are the PNG LNG project, which was formally approved in December 2009, Bonaparte LNG, a proposed floating LNG project in the Timor Sea, and Darwin LNG, Santos’ first LNG venture, which began production in 2006.

Santos has built a strong and reliable production business in Indonesia and is further developing its Asian business through development projects and exploration investment.

In 2010, Santos’ total production was 49.9million barrels of oil equivalent. We have the largest Australian exploration portfolio by area of any company – 146,800 square kilometres.

Santos has about 2,400 employees working across its operations in Australia and Asia.

Santos is listed on the Australian Securities Exchange (ASX Ltd) - ordinary shares code STO. As at March 2011, Santos had a total market capitalisation of approximately $13 billion, making it one of Australia’s Top 30 companies.


Latest Santos News

Central Petroleum completes acquisition of 50% interest in Mereenie Oil and Gas Field, assumes operatorship

Central Petroleum Limited (ASX:CTP) announced that the acquisition by Central of a 50% interest in the Mereenie Oil and Gas Field has been completed today and accordingly Central has assumed operatorship of that field from Santos. Mereenie is considered the largest conventional oil and gas structur... Tuesday, September 1, 2015

Comet Ridge announces production restart at Mahalo 6 well

Comet Ridge Limited (ASX:COI) wishes to provide an operational update on the progress of the Mahalo 7 horizontal surface to in-seam well project. As previously announced, a workover of the Mahalo 6 vertical intercept well, to replace the downhole pump, was scheduled for commencement in late July 20... Thursday, August 6, 2015

Comet Ridge provides Mahalo 7 horizontal well project update

Comet Ridge Limited (ASX:COI) wishes to provide an operational update on the progress of the Mahalo 7 horizontal surface to in-seam well project. As previously announced, due to the decrease in pump efficiency the production of water from the Mahalo 6 production well slowed, despite the speed of th... Wednesday, July 22, 2015

Drillsearch announces new discovery at Moonanga South-1 in the Santos joint venture

The Wet Gas joint venture with Santos (Drillsearch 40%, Santos 60% and Operator) in the Western Wet Gas Fairway successfully drilled the eighth and final well of the FY2015 campaign, with Moonanga South-1 becoming the joint venture's seventh discovery of the financial year. Drillsearch has been free... Thursday, June 11, 2015

Central Petroleum acquires 50% of Mereenie Oil & Gas field and assumes operatorship from Santos

Central Petroleum Limited (ASX:CTP) today announced it has agreed to acquire a 50% interest in the Mereenie Oil & Gas Field from Santos Limited and assume Operatorship of the field in the Northern Territory's Amadeus Basin. The move will significantly increase Central's operations and enable Central... Thursday, June 4, 2015

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