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 Limited announced today that highly respected energy and resources executive, Mr Kevin Gallagher, currently CEO of engineering services group, Clough Limited, has been appointed as the new Managing Director and CEO of Santos. Mr Gallagher will aim to commence duties with Santos in early 2016... Monday, November 9, 2015
More than a year after oil prices started to tank, it looks like the Australian and Papua New Guinea markets are poised for a period of serious merger and acquisition activity. The latest round of maneuvering was kicked off in September by Woodside Petroleum, Australia's biggest listed oil and gas ... Monday, October 26, 2015
Oil price Oil traded back to the bottom of its recent range yesterday as the EIA inventory stats disappointed the market. Expecting 3.7m barrels and having seen the API come in with 7.1m the actual of +8m barrels was poor. Crude stocks are still 26% ahead of this time last year and 23% above averag... Thursday, October 22, 2015
Santos Limited advises that on 20 October 2015 it received an indicative, highly conditional and non-binding proposal from Scepter Partners (Scepter), on behalf of the managed funds of its core stakeholders, to acquire all of Santos for a cash consideration of A$6.88 per share (Proposal). The Santo... Thursday, October 22, 2015
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The first shipment of liquefied natural gas (LNG) from the Gladstone LNG project has been loaded and is now on its way to South Korea. The plant at Curtis Island will produce 7.2 million tons of LNG per year once at full capacity. All production from the plant will be sold under long term contracts ... Friday, October 16, 2015