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

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

Santos report net loss of $935 million, yet underlying profit up 6%

Full-Year Highlights Production up 6% to 54.1 mmboe Sales revenue up 12% to $4 billion EBITDAX up 8% to $2,153 million Operating cash flow up 13% to $1,843 million PNG LNG start-up ahead of schedule with the project shipping 55 LNG cargoes in the year GLNG more than 90% complete and on track for fir... Friday, February 20, 2015

Australian oil and gas producers tighten belts

Just as their bigger international counterparts have moved quickly and decisively to cut capital expenditure by around 25% in the wake of the recent rout in oil prices, Australia's oil and gas players have also been tightening their belts and reassessing asset values. Amid moves that have left ... Wednesday, February 11, 2015

Santos report record sales revenue and appraisal success at Barossa

Santos today announced company records for sales revenue in both the quarter ($1.1 billion) and the full year ($4 billion), reflecting the successful ramp-up of production from the PNG LNG project as well as higher Cooper Basin production. Fourth quarter production of 15.1 mmboe - 15% higher than t... Friday, January 23, 2015

Senex provides drilling report for December 2014

Senex Energy Limited (Senex, ASX: SXY) has drilled nine wells of its FY15 drilling program in the South Australian Cooper-Eromanga Basin. Six of these wells are located in the northern flank of the Cooper Basin. Sheerkhan-1 oil exploration well (PEL 182: Senex 57% and operator, Drillsearch 43%) Th... Wednesday, January 14, 2015

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