Santos Limited (Santos) is an Australian company engaged in the production of natural gas (LPG, ethane, methane, CSG, LNG, shale gas, condensate) and oil. For the year end 31 December 2019, Santos produced 75.5 million barrels of oil equivalent (mmboe), with sales gas and ethane accounting for 49.27% (37.2 mmboe) of total prouction.
The company was founded on 18 March 1954 and made its first significant discovery of natural gas in the Cooper Basin with the Gidgealpa 2 well in 1963. The company's name, Santos, stands for South Australia Northern Territory Oil Search.
For the year end 31 December 2019, Santos Limited employed 2,178 people throughout its operations. The company's headquarters are located at 60 Flinders Street, Adelaide, South Australia 5000, Australia.
Santos Limited is listed on the Australia Securities Exchange (ASX) under the code STO.
Queensland and NSW - For the year end 31 December 2019, Queensland and NSW accounted for 23.80% (USD 960 million) of total revenue.
Cooper Basin - For the year end 31 December 2019, Cooper Basin accounted for 23.58% (USD 951 million) of total revenue.
Western Australia - For the year end 31 December 2019, Western Australia accounted for 22.84% (USD 921 million) of total revenue.
Papua New Guinea - For the year end 31 December 2019, Papua New Guinea accounted for 16.17% (USD 652 million) of total revenue.
Northern Australia and Timor Leste - For the year end 31 December 2019, Northern Australia and Timor Leste accounted for 9.52% (USD 165 million) of total revenue.
Corporate, exploration, eliminations and other - For the year end 31 December 2019, corporate, exploration, eliminations and other accounted for 4.09% (USD 384 million) of total revenue.
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