Santos

In late 2010, Total entered into a partnership with Australian company Santos to develop its coal seam gas acreage in Queensland. With decades of experience operating onshore in Australia, Santos was an ideal partner in this endeavour. Total initially took a 20% share in the project, increasing this to 27.5%. Other partners in the project include Petronas which also has a 27.5% share, and KOGAS with 15%. With Santos' experience in operating onshore in Australia, Total's LNG expertise, and the LNG buyers of Petronas and KOGAS in the joint venture, the project took a Final Investment Decision in January 2011.

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