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

Drillsearch announces new wet gas discovery at Kyanite-1

Drillsearch Energy Limited (ASX: DLS) is pleased to announce a new wet gas discovery on the Western Cooper Wet Gas Fairway of the Cooper Basin, the fourth discovery out of five wells drilled by the Company's joint venture with Santos (Drillsearch 40%, Santos 60% and Operator). The Kyanite-1 near-fi... Monday, March 16, 2015

New Guinea Energy completes sale of 50% interest in PPL 269 to Santos

New Guinea Energy has advised that its wholly-owned subsidiary, Kirkland, has completed the sale of its 50% interest in Petroleum Prospecting Licence (PPL) 269 to Barracuda - a subsidiary of Santos. Under the terms of the sale and purchase agreement, Sntos has now acquired Kirkland's 50% participat... Wednesday, March 11, 2015

Santos strikes new gas supply contract with Alcoa

Santos today announced that it had entered a contract to supply natural gas to Australia's biggest alumina producer, Alcoa of Australia Limited. The contract commences in 2018 and will see Santos supply 82PJ of gas to Alcoa over an initial contract term of five years from the John Brookes field in ... Monday, March 9, 2015

Santos announces the Hides F1 well exploration is to be abandoned after coming up dry

Santos advises that the Hides F1 (Hides Deep) well has reached total depth of 4,633 metres. Thick argillaceous sandstone intervals were encountered in the exploration target, the Koi-Iange Formation, but wireline evaluation confirms an absence of reservoir quality. The exploration component of the... Friday, March 6, 2015

Santos 2014 reserves statement

Santos today announced that proved plus probable (2P) petroleum reserves were 1,245 million barrels of oil equivalent (mmboe) as at the end of 2014. This represents an organic five-year 2P reserves replacement ratio of 97% and provides a reserves life of 23 years based on 2014 production of 54 mmboe... Friday, February 20, 2015

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