News brief: Another company with ‘NT’ in its name becomes Australia’s largest in its industry

by | Dec 21, 2021 | Uncategorised | 0 comments

There are now two companies with “NT” in their name referring to Northern Territory that can spruik they are the biggest in Australia in their Industry.

Qantas who’s name is derived from Queensland and Northern Territory Aerial Service has been Australia’s leading airline for many decades.

Now we have another company with NT in the name that has become the biggest in its industry in Australia.

Santos’s name originated from South Australia Northern Territory Oil Search, Last week Santos acquired Oil Search, a PNG company and reached market capitalisation of $22.41 billion.

This takes the market cap of Santos to $1.05 billion more than Australian energy Giant Woodside which sits at $21.36 billion. Santos is the major shareholder and operator of Darwin LNG plant in Darwin Harbour, which is feed from the Bayu-Undan field between Darwin and Timor.

They also several onshore gas explorations through the NT and they will be the future operator of the Barossa JV field, 300 km north of Darwin, which will also feed the Darwin LNG plant.

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