Santos Limited

Santos Ltd. is a large, predominantly Australian owned oil and gas company. Its name is an acronym for South Australia Northern Territory Oil Search.

Operations

Santos is one of 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. 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.

It has made significant discoveries in the Browse Basin, off the northwest of Western Australia. On 22 August 2014 the company announced a major gas-condensate discovery at the Lasseter-1 exploration well in WA-274-P in the basin, in which Santos has a 30% interest in company with Chevron (50%) and Inpex (20%). It was the second major discovery by the company in the area in two years.