Profile: Santos Ltd (SSLTY.PK)
18 Dec 2014
Santos Limited, incorporated on March 18, 1954, is an oil and gas producer, supplying Australian and Asian customers. The Company is primarily engaged in the exploration for, and development, production, transportation and marketing of, hydrocarbons. The Company develops major oil and gas liquids businesses in Australia, and operates in all mainland states and the Northern Territory. The Company has exploration-led Asian portfolio, with a focus on three core countries: Indonesia, Vietnam and Papua New Guinea. The Company operates in four business units of Eastern Australia; Western Australia and Northern Territory; Asia Pacific, and Gladstone LNG (GLNG). The Asia Pacific operating segment includes operations in Indonesia, Papua New Guinea, Vietnam, India and Bangladesh.
The Company is a producer of natural gas, gas liquids and crude oil in eastern Australia. Gas is sold primarily to domestic retailers and industry, while gas liquids and crude oil are sold in the domestic and export markets. During the year ended December 31, 2012, 23 gas development wells were drilled, including the Tindilpie six-well pad that will produce 15 mmscf/day. The Company produced 3.2 million barrels of oil from the Cooper Basin in 2012. The Company has natural gas acreage position in New South Wales, with uncontracted reserves.
Western Australia and Northern Territory
The Company along with partner Apache Energy processes gas through the Varanus Island and Devil Creek facilities in the Carnarvon Basin, and supplies it to mining and industrial customers. Three development wells have been drilled and completed in the Fletcher Finucane oil project.
The Company’s PNG LNG project involves gas production and processing facilities at Hides in the Southern Highlands of Papua New Guinea and pipeline infrastructure to a LNG plant and load-out facility located near Port Moresby, with a capacity of 6.9 million tons of LNG per year. The Wortel gas project is located offshore East Java adding a third producing asset to the Company’s Indonesian portfolio. The Company has an active exploration program in the Nam Con Son and Phu Khanh basins.
Ground Floor Santos Centre
60 Flinders Street
ADELAIDE SA 5000
Company Web Links
- Santos dumped after S&P cuts credit rating, oil prices drop
- UPDATE 1-Australia's Santos battens down the hatches as oil prices dive
- Santos reassures on costs at $18.5 bln Gladstone LNG project
- Australia shares edge higher on earnings, ex-dividend stocks cap
- Australia shares close higher for a 7th day, up 1.4 pct for week