Santos is a major upstream producer in Queensland’s onshore Surat and Bowen Basins, with gas from Santos’ Roma field supplying homes in the region for over 50 years. Santos substantially increased its position in 2005 through the acquisition of the world-class Fairview field and over 4,000 square kilometres of exploration acreage in the Comet Ridge area of the Bowen Basin.
With a large resource base in Queensland and a growing Asian demand for liquefied natural gas (LNG), Santos created the GLNG project in 2007, a pioneering project to convert natural gas, including coal seam gas from the Bowen and Surat Basins, into LNG for export to Asia.
The project involved the development of gas fields in the Bowen and Surat Basins, the construction of a 420 kilometre underground gas transmission pipeline to Gladstone and a two-train liquefaction and storage facility on Curtis Island in Gladstone. GLNG has been supplying two long-term Asian customers since the first cargo was shipped in October 2015.
As upstream operator, Santos is focussed on building gas supply by drilling more wells to increase production, seeking opportunities to extract value from our infrastructure and driving efficiencies to operate at lowest cost.
Santos is also seeking regulatory approval to develop its natural gas resources in the Narrabri area in northwest New South Wales. Santos’ Narrabri Gas Project could supply NSW homes, small businesses, major industries and electricity generators with up to half the state’s natural gas needs and bring substantial economic benefits to the region.