Santos Limited is a large oil and gas company located in Australia. Santos serves as an acronym for the title South Australia Northern Territory Oil Search. The company was founded in March of 1954 and is now publicly traded on the Australian Stock Exchange under the symbol STO.
Santos serves many parts of Australia as one of the nation’s largest domestic gas and oil producers. Much of the company’s natural gas reserves are used for distribution to parts of Eastern Australia while much of the company’s oil and gas production efforts are targeted towards South Australia and Queensland.
On the domestic front, much of the company’s recent activity has centered on gas and oil discoveries in the Cooper Basin, as well as more recent discoveries in the Browse Basin, which is in the northwest region of Western Australia. Santos also maintains the Moomba Adelaide Pipeline System, which is responsible for moving gas products to parts of South Australia and Adelaide.
On an international level, Santos Limited is active in both offshore and land-based exploration and drilling in regions of Indonesia, New Guinea, India, Bangladesh, Vietnam, Kyrgyzstan and Egypt. The company is also actively involved in a joint venture partnership that is responsible for transporting LNG to certain regions of Japan.
Santos Limited has its primary headquarters located in 60 Flinders Street
Adelaide, South Australia, Australia. The company employs over 2,946 employees as of 2015, under the guidance of Kevin Gallagher, CEO.
For the fiscal year ended in 2015, the company reported total sales revenue of AUD $3.246 billion. That translated to EBITDA of AUD $1.919 billion and a net loss, after a significant write-off of assets, of AUD $2.698 billion. The company also reported net assets of AUD $21.926 billion. Chairman Peter Coates told stockholders that the write-off of assets was related to the low oil prices endured during the year.