Founded in 1954, Santos is an Australian energy pioneer
In 2019 we celebrated 65 years of being a safe and sustainable Australian energy company and 50 years of natural gas supply to South Australia.
Founded in 1954, the South Australia Northern Territory Oil Search (SANTOS) has been safely and sustainably developing resources first across Australia, then the Asia Pacific and is now a global energy company.
In 1963, Santos pioneers discovered natural gas in the Gidgealpa 2 well, located in the Cooper Basin region. Later in 1966, our Moomba 1 site confirmed this region as a major petroleum province.
As a result of these discoveries, Santos had a commercially viable quantity of gas which enabled sales agreements with the South Australian Gas Company, the Electricity Trust of South Australia and the Australian Gas Light Company in 1969.
In 2019, Santos celebrated 65 years of safe and sustainable practices, and 50 years of supplying natural gas to South Australian homes and businesses.
First significant discovery
Santos made its first significant discovery of natural gas in the Cooper Basin with the Gidgealpa 2 well in 1963. The Moomba 1 discovery in 1966 confirmed this region as a major petroleum province.
As a result of these discoveries, Santos had a commercially viable quantity of gas and entered into gas sales agreements with the South Australian Gas Company, the Electricity Trust of South Australia and the Australian Gas Light Company. Gas supplies commenced in 1969.
The 1980s saw Santos develop a major liquids business following the discovery of oil at Tirrawarra in central Australia in the early 1970s.
A liquids recovery plant was built at Moomba, South Australia along with a fractionation and load-out facility at Port Bonython.
Major Australian operating enterprise
A number of acquisitions in the 1990s provided Santos with additional opportunities onshore and offshore Australia, Indonesia, Malaysia, Vietnam and Papua New Guinea.
By the 1990s Santos had become a major Australian operating enterprise with interests in United States and United Kingdom petroleum provinces and in emerging areas such as the Timor Sea and Western Australia.
First production of LNG
In 2011 the Santos GLNG project was sanctioned. First production of LNG was announced on 24 September 2015.
The first shipment of LNG left Curtis Island on 16 October 2015 and was delivered in South Korea on 28 October 2015.
Celebrating 60 years
In 2014, Santos celebrated 60 years since being incorporated on 18 March 1954.
50 years of natural gas supply
2019 marked 50 years since the first gas from Santos’ operations in the Cooper Basin made its way to homes and businesses in Adelaide.
A regional champion
Santos completed a merger with Oil Search Limited, combining two industry leaders and enhancing the company’s growth portfolio and Papua New Guinea operating business.