Profile: Santos Ltd (SSLTY.PK)
24 Feb 2017
Santos Limited, incorporated on March 18, 1954, is an oil and gas producer. The Company's principal activities are the exploration for, and development, production, transportation and marketing of, hydrocarbons. The Company's segments include Eastern Australia, Western Australia and Northern Territory (WA&NT), Asia Pacific and Gladstone LNG (GLNG). The Company supplies the energy needs of homes, businesses and industries across Australia and Asia. The Company's activities include onshore, offshore and liquefied natural gas (LNG) projects. The Company's operations in New South Wales (NSW) are focused on the development of natural gas from coal seams in the Narrabri area in north west NSW. The Company produces sales gas, ethane, crude oil and gas liquids from the Eromanga basin. Sales gas and ethane are processed at both the Moomba and Ballera plants, with liquids transported to Port Bonython for crude oil and gas liquids processing. Ballera is located onshore central Australia, south-west Queensland, approximately 90 kilometers east of the South Australia-Queensland border and over 950 kilometers north of Adelaide.
The Company is a producer of natural gas, gas liquids and crude oil in eastern Australia. The Company sells gas primarily to domestic retailers, industry and for the production of liquefied natural gas. The Company sells gas liquids and crude oil in the domestic and export markets. The Company produces approximately 63 peta Joules (PJ) of gas from Cooper Basin. The Company produces approximately 943,900 barrels of condensate at Cooper Basin. It produces over 13 PJ of gas from the Otway Basin offshore Victoria. The Company produces gas and condensate from the Casino, Henry, Netherby and Minerva fields in the Otway Basin offshore Victoria's west. The Company is also a participant in the development of the Kipper gas project in the Gippsland Basin offshore Victoria's west. The Company produces approximately 2.8 million barrels (mmbbl) of oil from Cooper Basin. The Company has exploration campaign at the Cooper Basin within the Patchawarra wet gas fairway resulting in over seven discoveries from eight wells and the deep coal producer, Tirrawarra South 1.
Western Australia & Northern Territory
The Company's WA&NT operations include domestic gas and oil production in the Carnarvon Basin, exploration activity in the Browse and Bonaparte basins and its LNG project, Darwin LNG. The Company produces domestic natural gas in Western Australia. The Company is a producer of gas liquids and crude oil. The Company also has an interest in the Bayu-Undan/Darwin LNG project. The Company has Western Australia gas and condensate production of approximately 51.6 PJ and 511,800 barrels respectively. The Company produces approximately 2.3 mmbbl of oil from Western Australia. Carnarvon Basin (Stag, Barrow, Thevenard, Mutineer-Exeter/Fletcher Finucane) is located off the central coast of Western Australia. Bight basin is located offshore across the Western Australia and South Australia border. The Darwin LNG project produces approximately 3.8 million tons of LNG. The Company is a supplier of domestic gas in the Northern Territory from the Mereenie field in the Amadeus Basin. The Company has acreage in the Bonaparte and McArthur Basins.
The Company has producing assets in Papua New Guinea, Indonesia and Vietnam, and exploration assets in Malaysia, Papua New Guinea, Indonesia and Bangladesh. The Company produces approximately 59.5 PJ of gas and 1.4 mmbbl condensate at PNG LNG project in Papua New Guinea. Also in Papua New Guinea, the Company concluded drilling on the exploration component of the Hides F1 well after reaching a total depth of approximately 4,633 meters. The Company's net entitlement to oil production in Vietnam is approximately 2.6 mmbbl. The Company's net entitlement to gas production in Indonesia is approximately 23.8 PJ. The Company has Bestari-1 exploration well located in the Deepwater Block R Production Sharing Contract offshore Malaysia. The Company is an operator for the Block 16 Magnama Ring Fenced Area in Bangladesh.
The Company has interest in GLNG project, which produces LNG. The Company produces approximately 4.7 PJ of domestic gas at GLNG. The Company's coal seam gas (CSG) resources in the Surat/Bowen Basins near Fairview and Injune in Queensland supply the GLNG project.
Ground Floor Santos CTR, 60 Flin
ADELAIDE SA 5000