Santos Ltd is an Australian oil and gas exploration and production company that is committed to driving decarbonisation and sustainability in the energy sector. The company has a strong focus on reducing its carbon footprint and promoting the use of renewable energy sources, while also maintaining its position as a leading producer of crude oil and natural gas.

Santos Ltd was founded in 1954 and has since grown to become one of the largest independent oil and gas producers in Australia. The company operates in the upstream sector of the energy industry, exploring for, developing, producing and selling crude oil, natural gas and liquefied natural gas (LNG). Santos has operations in Australia, Papua New Guinea, Indonesia and Timor-Leste, and is listed on the Australian Securities Exchange.

Decarbonisation is a key focus for Santos Ltd, and the company has set ambitious targets to reduce its greenhouse gas emissions. In 2020, Santos announced a target to achieve net-zero emissions by 2040, ten years ahead of the Australian government’s target. The company has also committed to reducing its Scope 1 and 2 emissions by 26-30% by 2025, and to investing in carbon capture and storage (CCS) technology to offset its remaining emissions.

Santos is also committed to promoting the use of renewable energy sources, and has invested in a number of renewable energy projects in Australia. In 2019, the company signed a corporate power purchase agreement (PPA) with Neoen Australia to purchase 15% of the output from the Hornsdale 2 wind farm in South Australia. The PPA will provide Santos with renewable energy to power its operations, and will help to reduce the company’s carbon footprint.

In addition to its renewable energy investments, Santos is also exploring opportunities to reduce its energy consumption through corporate energy efficiency programs. The company has implemented a number of initiatives to reduce its energy use, including the installation of energy-efficient lighting and the adoption of energy management systems.

Santos is also investing in CCS technology to reduce its carbon footprint. The company has partnered with the Australian government and other industry players to develop the Moomba CCS project, which aims to capture and store up to 1.7 million tonnes of CO2 per year from Santos’ operations in the Cooper Basin. The project is expected to be operational by 2024, and will help to reduce Santos’ emissions by up to 20%.

Santos is committed to working with its stakeholders to drive decarbonisation and sustainability in the energy sector. The company has engaged with governments, industry associations and other stakeholders to promote the use of renewable energy sources and to support the development of CCS technology. Santos is also a member of the Australian Petroleum Production and Exploration Association (APPEA), which is committed to reducing greenhouse gas emissions and promoting sustainable energy practices in the oil and gas industry.

In conclusion, Santos Ltd is a leading oil and gas exploration and production company in Australia that is committed to driving decarbonisation and sustainability in the energy sector. The company has set ambitious targets to reduce its greenhouse gas emissions and is investing in renewable energy and CCS technology to achieve these goals. Santos is also working with its stakeholders to promote sustainable energy practices and to support the development of a low-carbon energy future.