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

Comet Ridge Limited announces continually increasing production at Mahalo 7 horizontal well

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

Santos Energy publishes 2015 fourth quarter activities report

KEY HIGHLIGHTS Fourth quarter production of 14.9 mmboe was in line with the corresponding quarter and brought full-year production to 57.7 mmboe. This was the highest annual production since 2007, a 7% increase on the previous year and within the company's guidance range of 57-59 mmboe. Fourth quart... Friday, January 22, 2016

GLNG signs gas purchase agreement with AGL, announces Santos

Santos today announced that the GLNG project participants have executed an agreement with AGL Energy Limited for the purchase of 254 petajoules of gas for supply to the GLNG project. The gas will be delivered at Wallumbilla over a period of 11 years commencing in January 2017, with pricing based on... Thursday, December 24, 2015

Santos announces commencement date of new CEO

Santos announced on 9 November 2015 the appointment of Kevin Gallagher as the company's new Managing Director and Chief Executive Officer. Santos advises that Mr Gallagher will commence his duties at Santos on 1 February 2016. Santos Executive Chairman Peter Coates said that he was delighted to we... Friday, December 4, 2015

Cooper Energy announces Contingent Resource Upgrade at the Sole Field

Cooper Energy Limited (ASX: COE) announces that it has upgraded its net 2C Contingent Resource estimate in the Sole field to 121 PJ following reinterpretation of the results of special core analysis of the reservoir section in the Sole-2 well in VIC/RL3 in the Gippsland Basin. The Contingent Resour... Thursday, November 26, 2015

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