Santos Ltd. history, company profile (overview) and corporate video
Santos Ltd. is a global energy company headquartered in Adelaide, Australia. Its products cover oil and natural gas (LPG, Ethane, CSG, Methane, LNG, Shale gas, and Condensate).
HISTORY
The company was founded in 1954. 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.
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 in Australia, Indonesia and Papua New Guinea.
In 2021, Santos completed a merger with Oil Search Limited, enhancing the company’s growing portfolio and Papua New Guinea operating business.
OPERATIONS
- Cooper Basin (north-east South Australia and south-west Queensland);
- Northern Australia and Timor-Leste;
- Papua New Guinea;
- Queensland and New South Wales;
- Western Australia.
With more than 2,000 employees, Santos Ltd. is considered one of the leading oil and gas producers in the Asia-Pacific region, supplying energy needs across Australia and Asia. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and www.santos.com.
**Video published on YouTube by “SantosLtd“