What does Santos stand for?
South Australia Northern Territory Oil Search
Our name comes from an acronym of South Australia Northern Territory Oil Search. Santos made its first significant discovery of natural gas in the Cooper Basin with the Gidgealpa 2 well in 1963.
What is unconventional natural gas?
Unconventional gas refers to natural gas that requires advanced production methods. Main types include gas within tight pore spaces – shale gas and coal bed methane – and gas that is trapped in ice on the sea floor – gas hydrates.
Where is Santos gas from?
Australia
An Australian Energy Pioneer Since 1954 With its origins in the Cooper Basin, Santos has one of the largest exploration and production acreages in Australia and extensive infrastructure and is committed to supplying the domestic markets, unlocking resources and driving value and performance.
What is unconventional gas oil?
In the oil and gas industry, the term “unconventional oil” refers to crude oil that is obtained through methods other than traditional vertical well extraction. Examples of such methods include developing oil sands, directional drilling, and hydraulic fracturing (colloquially known as “fracking”), among others.
What do Santos do?
Santos is a leading oil and gas producer, supplying Australia and Asia. We produce natural gas (LPG, ethane, methane, CSG, LNG, shale gas, condensate) and oil.
Who does Santos supply to?
Santos is one of Australia’s domestic gas producers, supplying sales gas to all mainland Australian states and territories, ethane to Sydney, and oil and liquids to domestic and international customers.
What is the difference between unconventional and conventional gas?
Natural gas is referred to as ‘conventional’ when it can be extracted from the Earth either through naturally occurring pressure, or pumping mechanisms (CAPP). This is opposed to unconventional gas sources such as shale gas, tight gas, and coal bed methane which require novel technologies to unlock.
What is conventional gas?
Conventional gas is natural gas that can be extracted from the earth through naturally occurring pressure and pumping operations that allow the gas to readily flow into wellbores. Over time, the well will decrease in production at which time artificial lift methods have to be used to increase production.
What is the difference between conventional and unconventional gas?
Canada began producing conventional oil in the late 1890s and conventional natural gas in the early 1900s. By contrast, unconventional resources are trapped in reservoirs with low permeability, meaning little to no ability for the oil or natural gas to flow through the rock and into a wellbore.
Why is oil and gas unconventional?
Unconventional Resources are oil or gas-bearing units where the permeability and porosity are so low that the resource cannot be extracted economically through a vertical well bore and instead requires a horizontal well bore followed by multistage hydraulic fracturing to achieve economic production.
Who does Santos supply gas to?
Rio Tinto
Santos, Western Australia’s biggest domestic gas producer, today announced it had signed a new gas supply agreement with global miner, Rio Tinto. Under the agreement, Santos will supply up to 15 PJs of natural gas to Rio Tinto commencing in late 2021.
What are unconventional gas resources?
As mentioned earlier, unconventional gas resources are found in unusual geological locations and therefore require special extraction technologies.
How many Tcf of gas is in the Santos Cooper Basin?
Net Santos Cooper Basin Contingent Unconventional Resources1 Low Mid High Recoverable Raw Gas Tcf Total 15 50 125 Notes 1. Evaluated by DeGolyer and MacNaughton, 2008 Notes 1.Verified by DeGolyer and MacNaughton, as at 2011
Why invest in 1818 Santos?
18 Santos’ strong infrastructure position is a clear commercial advantage Santos owns and operates all major existing infrastructure and processing facilities in the Cooper Basin Estimated replacement cost of $10+ Billion Enabling early commercial success