Santos (company)
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| Type | Public (ASX: STO) |
|---|---|
| Industry | Energy |
| Founded | 18 March 1954 |
| Headquarters | 22x20px Adelaide, South Australia, Australia |
| Key people | David Knox, CEO |
| Products | gas and petroleum exploration; the production, treatment and marketing of natural gas, crude oil, condensate, naphtha and liquid petroleum gas; transportation by pipeline of crude oil |
| Revenue | A$2.762 billion (2008)[1] |
| Net income |
 A$1.65 billion (2008)[1] |
| Employees | ~1,940 (2008) |
| Website | http://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.
Contents
Operations
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 Melbourne, Brisbane, Perth, and Jakarta.
International activities
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
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
Santos's production for 2008 was 54.4 million barrels of oil equivalent (mmboe).[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
Santos is involved in many Australian community activities, such as the Adelaide Symphony Orchestra, Tour Down Under, and sponsoring local university projects.
Sidoarjo mud flow
Santos owned 18% of a project that was drilling in the area of the Sidoarjo mud flow when the disaster occurred and the company has put aside US$79 million towards the cleanup.[3]
See also
External links
References
- ↑ 1.0 1.1 1.2 1.3 "Santo Reports 2008 Fourth Quarter and Full Year Results". OilVoice. 2008-02-20. http://www.oilvoice.com/n/Santo_Reports_2008_Fourth_Quarter_and_Full_Year_Results/87bc503a.aspx. Retrieved 2008-04-19.
- ↑ 2.0 2.1 2.2 "Santos". OilVoice. http://www.oilvoice.com/Description/Santos/6fee81bd.aspx. Retrieved 2008-04-19.
- ↑ Santos says mud disaster funds appropriate, ABC news September 15, 2008
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