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

Cooper Energy acquiring 50 % interest in Sole gas field and Orbost Gas Plant

Cooper Energy (ASX:COE) announces it has secured the basis for a substantial expansion to its gas resources and cemented its position as an emerging participant in the Eastern Australian gas market with the agreement to acquire a 50 per cent interest in the Sole gas field (VIC/RL3) and the Orbost (P... Tuesday, December 16, 2014

Governments should 'stay away' from direct investment in NT-East coast gas pipeline

Governments should 'stay away' from investing in the proposed gas pipeline from the Northern Territory to the east coast - a proposal its supporters say can ease looming domestic gas supply and price pressures in New South Wales. The warning is contained in the oil and gas industry's la... Monday, December 15, 2014

Santos makes second wet gas discovery in PEL 513

Wet Gas Business Drillsearch Energy Limited (ASX:DLS) announce the second wet gas discovery made by its PEL 513 joint venture with Santos Limited (Drillsearch 40%, Santos 60% and Operator). The Yarowinnie South-1 well was drilled to a total depth of 3,142 metres as an exploration well, southwest of... Friday, December 12, 2014

Oil price, Exxon, Egdon/Europa/Union Jack, Sundry-Santos-YPF/Andes- And finally...

Oil price The differential between Brent and WTI narrowed yesterday as economic data from the USA was generally better than expected. Added to that, the EIA inventory stats showed a draw of 3.7m barrels of crude oil against forecasts of a build and WTI outperformed as US refiners utilisation increa... Thursday, December 4, 2014

Santos GLNG installs final LNG train module

After three and a half years of construction work, Santos GLNG has installed the final module on its two LNG processing trains, key components of its gas liquefaction plant on Curtis Island near Gladstone. The last of the 111 modules used to build the two trains was installed earlier this week. Tr... Friday, November 7, 2014

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