“Market Cap $12.1 B As of May 2014
At a Glance
- Industry: Oil & Gas Operations
- Founded: 1954
- Country: Australia
- CEO: David John Wissler Knox
- Website: www.santos.com
- Employees: 3,500
- Sales: $3.52 B
- Headquarters: Adelaide
#1111 Global 2000
- #1150 in Profit
- #1114 in Assets
- #917 in Market value
Santos Ltd. engages in the exploration, development, production, transportation and marketing of hydrocarbons. It engages in petroleum exploration, the production, treatment and marketing of natural gas, crude oil, condensate, naphtha, liquid petroleum gas, and the transportation by pipeline of crude oil. The company was founded on March 18, 1954 and is headquartered in Adelaide, Australia.“
Founded in 1954, Santos has been active in the energy business for more than 50 years. Its name was an acronym for South Australia Northern Territory Oil Search.
Santos made its first significant discovery of natural gas in the Cooper Basin with the Gidgealpa 2 well in 1963. The Moomba 1 discovery in 1966 confirmed this region as a major petroleum province.
As a result of these discoveries, Santos had a commercially viable quantity of gas and entered into Gas Sales Agreements with the South Australian Gas Company, the Electricity Trust of South Australia and the Australian Gas Light Company. Gas supplies commenced in 1969.
The 1980s saw Santos develop a major liquids business following the discovery of oil at Tirrawarra in the early 1970s. A liquids recovery plant was built at Moomba, along with a fractionation and load-out facility at Port Bonython.
By the 1990s Santos had become a major Australian operating enterprise with interests in United States and United Kingdom petroleum provinces and in emerging areas such as the Timor Sea and Carnarvon Basin in Western Australia.
A number of acquisitions in the 1990s provided Santos with additional opportunities onshore and offshore Australia, Indonesia and Papua New Guinea.
Since 2000 Santos has continued to build its business in South East Asia, the United States and southern Australia, while undertaking a high impact exploration program and developing new projects to drive production and earnings growth.”
*Information from Forbes.com and Santos.com
**Video published on YouTube by “SantosLtd“