OPERATIONS

Less production, more sales revenue for Santos

SANTOS suffered a quarterly drop in production during the December quarter of 8% to 11.7 million barrels of oil equivalent due to adverse weather in the Cooper Basin, but still boosted sales revenue by 10% to $A750 million due to higher oil and gas prices.

James McGrath

Less production, more sales revenue for Santos

Production in 2011 was also down by 5% to 47.2MMboe, which was within previous guidance, with Santos telling the market the downgrade was primarily related to its sell down on the GLNG project from 60%...

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