Santos Limited (OTCPK:SSLZY, STOSF, ASX:STO) Company Profile
Santos Limited (OTCPK:SSLZY, STOSF, ASX:STO) was established in 1954. As Australia's largest natural gas supplier, it actively conducts hydrocarbon-related businesses in Australia and the Asia-Pacific region. In recent years, it has experienced many significant acquisition and merger events.
1. Company Introduction
Santos Limited was founded in 1954, with its headquarters located in Adelaide, Australia, and it has 3,550 full-time employees. The company's core business focuses on the exploration, development, production, transportation, and sales of hydrocarbons in Australia and the Asia-Pacific region.
Official Website: https://www.santos.com/
2. Main Business Segments
1. Energy Exploration and Production: Holds assets in many regions of Australia and some areas in the Asia-Pacific region, and conducts exploration and production operations of energy such as natural gas and oil. The business coverage areas include the Cooper Basin, Queensland, New South Wales, Papua New Guinea, Northern Australia, East Timor, Western Australia, and Alaska, etc.
2. Energy Product Sales: Responsible for selling various energy products such as natural gas, liquefied petroleum gas, ethane, methane, coal seam gas, liquefied natural gas, shale gas, condensate oil, and petroleum.
3. Technology Research and Development: Focuses on the research and development of carbon capture and storage technologies.
3. Technological and Business Advantages
1. Abundant Resources: Possesses a number of major assets, which are widely distributed, effectively ensuring the stability and sustainability of energy supply.
2. Market Position: As Australia's largest natural gas supplier, it occupies a crucial position in the local market and has a stable customer base and sales channels.
4. Development History
| Time | Key Events |
|---|---|
| March 18, 1954 | Santos was established, and its name is derived from the initials of "South Australia Northern Territory Oil Search". |
| 1963 | Gidgealpa Well No. 2 was discovered and developed. |
| 1966 | Moomba Well No. 1 was discovered. |
| 1969 | Signed supply contracts with the South Australian Gas Company and others, officially starting the natural gas supply business. |
| Early 1970s | Oil was discovered at Tirrawarra near Moomba in South Australia, and then the liquid supply business was developed, including the Moomba plant and the fractionation and loading facilities at Port Bonython. |
| 1990s | Vigorously expanded its business, acquired several companies, and expanded its business to onshore and offshore areas in Australia, Indonesia, Malaysia, Vietnam, and Papua New Guinea. At the same time, it acquired oil interests in the United States and the United Kingdom and conducted business in the Timor Sea and Western Australia. In 1991, the Ballera natural gas plant in southwestern South Australia was built and upgraded in 1997. |
| 2011 | The Santos GLNG project was approved. |
| September 24, 2015 | Announced the first production of liquefied natural gas. |
| 2015 | Began producing liquefied natural gas (LNG) and exporting it to South Korea. |
| August 2018 | Acquired the Australian oil and gas company Quadrant Energy for US$2.15 billion, obtaining an 80% stake in Quadrant's Dorado project in the Bedout Basin in northern Western Australia. |
| May 2020 | Completed the acquisition of ConocoPhillips' assets in Northern Australia and East Timor for US$1.265 billion, including a conditional payment of US$200 million, increasing its stake in the related assets to 68.4%. This transaction is related to the final investment decision of the Barossa project, and after the project is completed, its stake in the project will reach 62.5%. |
| 2021 | Completed the merger with Oil Search Limited, strengthening its growth investment portfolio and operations in Papua New Guinea. |
| February 7, 2024 | Woodside Energy and Santos ended their merger negotiations. This merger could potentially create a natural gas company worth approximately US$57 billion. |
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