Santos (ASX:STO) said it would increase indigenous participation by strengthening training and employment initiatives in the Northern Territory, according to a Wednesday statement.

It also launched its updated 2030 Indigenous Participation Plan to create sustainable employment, training, and business opportunities for Aboriginal and Torres Strait Islander peoples across Australia.

The Barossa Aboriginal Future Fund launched the Saltwater Pathways Program, a pilot training and employment initiative, supported by the Barossa joint venture partners Santos, PRISM Energy Australia, and JERA Australia.

The fund will invest nearly AU$3.1 million over three years to deliver the program.

Santos' shares climbed 5% in recent trading on Wednesday.