MARKETS

Santos raises 2018 production and sales guidance, cuts capex guidance

SANTOS has raised the lower end of its calendar 2018 guidance for production and sales by 1 million barrels of oil equivalent and 2MMboe, respectively and has knocked capital expenditure guidance down by $50 million.

Paul Hunt

Image courtesy of Santos.

Production was up 6% and sales revenue up 10% for the third quarter of 2018. Third quarter production stood at 15MMboe, sales were 20.3MMboe and revenue US$973 million, which included LNG revenues...

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