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
Santos today announced a 2016 first half net loss of US$1,104 million, impacted significantly by the previously announced impairment charge for GLNG of US$1,050 million after tax and lower oil prices. Excluding impairments and other one-off items, the company recorded an underlying net loss of US$5... Friday, August 19, 2016
Following a review of key production assets, Santos advises that it expects to recognise an impairment charge against the carrying value for GLNG of approximately US$1,050 million after tax (approximately US$1,500 million before tax) in its 2016 half-year accounts. The impairment outcome is subject... Monday, August 15, 2016
Mitra Energy Inc. (TSX VENTURE:MTE) is pleased to announce that Mitra Energy (Australia) Pty Ltd, a wholly owned subsidiary of Mitra, as buyer, and Mitra, as guarantor, have signed a definitive Sale & Purchase Agreement with Quadrant Northwest Pty Ltd and Santos Offshore Pty Ltd, as sellers, for the... Wednesday, July 27, 2016
Key Highlights Record first half production of 31.1 mmboe, up 10% on the prior half-year. Second quarter production of 15.5 mmboe, up 8% on the corresponding quarter. Average realised oil price decreased 29% to US$43 per barrel for the first half. Upstream production costs of US$8.80/boe, 15% lower ... Friday, July 22, 2016
All Santos News
Santos announced today that Chief Financial Officer Andrew Seaton will retire from the company by the end of 2016 following over eleven years of service, including the last six as CFO. Santos Managing Director and Chief Executive Officer Kevin Gallagher paid tribute to Mr Seaton as a key member of ... Wednesday, July 20, 2016