Santos (company)
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This article needs additional citations for verification. (August 2008) |
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| Type | Public |
|---|---|
| Traded as | ASX: STO |
| Industry | Energy |
| Founded | 18 March 1954 |
| Headquarters | 60 Flinders Street Adelaide, South Australia, Australia |
| Key people | David Knox, CEO |
| Products |
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| Revenue | A$2.762 billion (2008)[1] |
| Net income |  A$1.65 billion (2008)[1] |
| Employees | ~1,940 (2008) |
| Website | www.santos.com |
Santos Ltd. is a large Australian oil and gas exploration company. Its name is an acronym for South Australia Northern Territory Oil Search.
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Operations [edit]
Santos is Australia's largest domestic gas producer, supplying sales gas to all mainland Australian states and territories, ethane to Sydney, and oil and liquids to domestic and international customers.[2] 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.
Santos has its headquarters in Adelaide. It also has offices in Brisbane, Perth, and Jakarta.
International activities [edit]
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.[2]
LNG [edit]
Santos has an interest in the Darwin LNG project, exporting liquefied natural gas to customers in Japan. It is also developer of the Gladstone LNG project in Queensland and is a partner in the PNG LNG project.[2]
Financial results [edit]
Santos's production for 2008 was 54.4 million barrels (8,650,000 m3) of oil equivalent.[1] Earnings before interest, taxes, depreciation, amortizations and exploration expenses for the period was A$2.8 billion, representing after tax profit of A$1.65 billion.[1] In mid-2006, it had a market capitalization of A$8.7 billion, making it one of Australia's top 30 companies.
Community activities [edit]
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This section does not cite any references or sources. (April 2013) |
Santos is involved in some Australian community activities, such as the Adelaide Symphony Orchestra, Tour Down Under, and sponsoring local university projects.
Sidoarjo mud flow [edit]
Santos owned 18% of a project that was drilling in the area of the Sidoarjo mud flow when the disaster occurred. The company has put aside US$79 million towards the cleanup.[3]
