Santos (STO)

Shares / Stock Code

STO

Stock Exchange / Sharemarket

Australian Securities Exchange

Santos Limited (STO) is a gas and petroleum company engaged in the exploration, production, marketing and transportation of hydrocarbons. Although its operation is mainly in Australia as it serves as the domestic producer of gas, supplying sales gas in the mainland states of Australia and its territories, STO also performs international operations in Papua New Guinea, Indonesia, India, Vietnam, Kyrgyz Republic, Bangladesh and Egypt. STO was listed on the Australian Stock Exchange on the 1st of October 1954. Its average annual revenue reaches approximately $2 billion out of its issued capital of $1 billion. Its headquarters is located in Adelaide, South Australia and to date; around 1700 people are employed in the company. Santos Limited operates mainly through its five business divisions: Gas Marketing and commercialisation, Geo-Science and New Ventures, Operations, Strategic Projects and Development Projects and Technical Services.

Santos' (STO) Gas Marketing and Commercialisation division is in charge of the gas and liquids marketing, economics and commercialisation projects, gas planning as well as new gas business development.

The STO Geo-Science and New Ventures division is responsible for all the appraisal, exploration and new venture activities in Santos Limited.

The Santos Operations division of Santos Limited is in charge of the all the productions and operation activities in Santos Limited. The activities it oversees include onshore Australian operations development and delineation, environment, safety and health as well as facilities engineering and maintenance.

The Strategic Projects division is in charge of the company's identified projects as well as the regions where Santos limited puts much strategic importance on.

The Development Projects and Technical Services division of Santos (STO) is responsible for the offshore and international development portfolio that includes the subsurface engineering, operated and non-operated projects as well as other technical services.

Santos Limited (STO) Company History

In 1954, Santos Limited (STO) acquired discovery rents covering more than 325,000 sq km in South West of Queensland and South Australia after they were included in South Australia in 1954 and in 1958, the company made a business contract in the company of Delhi Australia petroleum where it explored its own rights.

Innamincka was the first well drilled project in 1959 spearheaded by the joined companies. Hydrocarbon shows were there as well as the Permian sediments was exposed despite failure to discover petroleum, which gave reason for the company to explore further. In 1963, they continued the search for petroleum through farm-in contract with the French Petroleum, which is an Australian company. They drilled five wells prior to the Gidgealpa 2 and produced commercial amounts of natural gas in December 1963, after Innamincka 1. They discovered more gas at the Moomba 1 in 1966.

The supplies for gas in Adelaide continued in 1969 from Gidgealpa fields and Moomba fields, together with the 790 km pipeline completion of Adelaide in 1969. Another gas agreement was made with the South Australia Electricity Trust in the same year. The Santos Limited tried to discover some gas in Cooper Basin from 1970 to 1971.

The company announced to go on with a 1.4 billion dollar projects, in behalf of their partners in the early 80s. They have selected the site for liquid terminals in 1981, a path for the pipelines chosen, studies on environmental impact were completed and it was government approved.

Jackson 1 made the discovery of Queensland Eromanga Basin oil in 1981. Some of the following discoveries were completed and Jackson production facility was included in the commissioning for the development program that was undertaken.

Santos (STO) Products and Services

  • Gas and oil exploration
  • Ethane and Natural gas liquids

Santos Limited Competitors

  • Bass Strait Oil Company Ltd.
  • BHP Billiton
  • ExxonMobil Corporation
  • Oil Search Ltd
  • Woodside Petroleum

Santos (STO) Locations and Subsidiaries

Santos Limited Headquarters
Ground Floor
60 Flinders St
Adelaide SA 5000

Santos Limited
Level 14 Santos
House 60 Edward St
Brisbane 4000
Ph: (07) 3228 6666 Fax: (07) 3228 6920

Santos Limited
PO Box 344
Whyalla 5600
Ph: (08) 8640 3100 Fax: (08) 8640 3200

Santos Limited
Level 28 Forrest Centre 221 St
Georges Tce Perth 6000
Ph: (08) 9460 8900 Fax: (08) 9460 8971

Santos Limited Subsidiaries

Santos Petroleum Operations Pty Ltd
Santos International Operations Pty Ltd
Santos Hides Ltd
Santos (JPDA 91-01) Pty Ltd
Santos Resources Pty Ltd
Moonie Pipeline Company Pty Ltd
Santos Finance Ltd
Santos (JPDA 91-12) Pty Ltd
Reef Oil Pty Ltd
Santos (Bawean) Pty Ltd
Santos USA Corp
Santos (Madura Offshore) Pty Ltd
Santos (NGA) Pty Ltd
Santos Timor Sea Pipeline Pty Ltd
Santos Darwin LNG Pty Ltd
Santos (Globe) Pty Ltd
Santos Petroleum (NZ) Pty Limited
Santos (299) Pty Ltd
Transoil Pty Ltd
Bridge Oil Exploration Pty Limited
Canso Resources Pty Ltd
Santos Gnuco Pty Ltd
Santos Petroleum Management Pty Ltd
Santos (Nth Bali 1) Pty Ltd
Santos QNT Pty Ltd
TMOC Exploration Proprietary Limited
Santos Asia Pacific Pty Ltd
Santos (Sampang) Pty Ltd
Peko Offshore Ltd
Moonie Oil Pty Ltd
Vamgas Pty Ltd
Santos Exploration Pty Ltd
Santos Niugini Exploration Ltd
Santos Offshore Pty Ltd
Doce Pty Ltd
Santos Exploration Pty Ltd
Bridge Oil Developments Pty Ltd
Boston L H F Pty Ltd
Kipper GS Pty Ltd
Petromin Pty Ltd
Associated Petroleum Pty Ltd
Santos International Holdings Pty Ltd
Lavana Limited
Santos Australian Hydrocarbons Pty Ltd
Santos Facilities Pty Ltd
Santos (Papalang) Pty Ltd
Santos (Popodi) Pty Ltd
Alliance Petroleum Australia Pty Ltd
Bonaparte Gas & Oil Pty Limited
Barracuda Limited
Santos (Warim) Pty Ltd
Santos Direct Pty Ltd
Santos Americas and Europe Corporation
Farmout Drillers Pty Ltd
Coveyork Pty Ltd
Santos Petroleum Pty Ltd
Bridgefield Pty Ltd
Santos (N.T.) Pty Ltd
Santos (BOL) Pty Ltd

Other Santos Limited Details

Santos Limited Year Established: 1954
ACN: 007 550 923
D-U-N-S: 756009213
ABN: 80007550923

Santos (STO) Share Price

Submitted by Share Trading on 13 June, 2008 - 19:37