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
KEY HIGHLIGHTS First quarter production of 15.6 mmboe was up 11% on the corresponding quarter and 5% higher than the previous quarter. Sales volumes were up 40% on the corresponding quarter. First quarter sales revenue was A$835 million. The average realised oil price decreased 28% to A$51 (US$37) p... Friday, April 22, 2016
Santos Chairman, Peter Coates, today announced that Peter Hearl and Guy Cowan will be appointed to the Santos Board as independent non-executive directors shortly after the 2016 Annual General Meeting (AGM). Mr Coates said that the appointments of Mr Hearl and Mr Cowan, following the retirements of... Wednesday, April 13, 2016
Santos today announced the establishment of the new Executive team ('Excom') reporting to the CEO, Kevin Gallagher. The following senior executives will comprise the Excom: Bill Ovenden - Vice President Exploration, accountable for developing and executing a targeted exploration strategy Brett Woods... Friday, April 1, 2016
Santos announced in November 2015 the sale of its 35% non-operated interest in the Kipper gas field, located in the Gippsland Basin, offshore Victoria to Mitsui E&P Australia Pty Ltd (Mitsui) for $520 million in cash. Santos advises that the sale has been completed and it has received the sale proc... Thursday, March 3, 2016
All Santos News
Comet Ridge Limited (ASX:COI) is pleased to provide an operational update on the progress of the Mahalo 7 horizontal surface to in-seam well project. The Mahalo 7 horizontal well is being produced in combination with the Mahalo 6 vertical intercept well, via the pump in Mahalo 6. Since the time of ... Monday, January 25, 2016