Public | |
Traded as | ASX: STO |
Industry | Energy |
Founded | 18 March 1954 |
Headquarters | 60 Flinders Street Adelaide, South Australia |
Key people
|
Kevin Gallagher, CEO |
Products |
|
Revenue | A$2.762 billion (2008) |
A$1.65 billion (2008) | |
Number of employees
|
~1,200(2015) |
Website | www |
Santos Ltd. is a large, predominantly Australian-owned oil and gas company. Its name is an acronym for South Australia Northern Territory Oil Search.
Santos is one of Australia's largest domestic gas producers, supplying sales gas to all mainland Australian states and territories, ethane to Sydney, and oil and liquids to domestic and international customers. The company's core business was built on gas and oil discoveries in the Cooper Basin, predominantly spanning north-east South Australia and South West Queensland. These gas reserves are the main source of natural gas to Australia's eastern states. Santos is the primary venture partner and operator of natural gas processing facilities at Moomba (in South Australia) and Ballera (in Queensland), and pipelines connecting those facilities with Adelaide, Sydney, Melbourne, Brisbane, Rockhampton and Mount Isa. One of the pipelines is the Moomba Adelaide Pipeline System which carries gas to Adelaide and regional South Australia.
It has made significant discoveries in the Browse Basin, off the northwest of Western Australia. On 22 August 2014 the company announced a major gas-condensate discovery at the Lasseter-1 exploration well in WA-274-P in the basin, in which Santos has a 30% interest in company with Chevron (50%) and Inpex (20%). It was the second major discovery by the company in the area in two years.
Santos also loads product onto small Cape vessels at Port Bonython in South Australia.
Santos has its headquarters in Adelaide. It also has offices in Brisbane, Sydney, Perth and Jakarta. Since February 2016 the company's CEO has been Kevin Gallagher. He was preceded by David Knox.
The company also participates in on- and off-shore oil and gas exploration and production ventures throughout Australia, in the Timor Gap, Indonesia, Papua New Guinea, India, Bangladesh, Egypt, Vietnam and Kyrgyzstan.