Plus   Neg

Santos Q3 Production Rises; Backs FY Production Guidance

Oil and gas producer Santos Ltd. (STOSF.PK,SSLTY.PK,STO.AX) reported that its third quarter production rose 32 percent to 19.8 million barrels of oil equivalent from the corresponding quarter.

Production was 7% higher than the second quarter with higher production from all Australian assets.

Sales volumes were 25.2 million barrels of oil equivalent, up 25% from the prior year.

Sales revenue of US$1.030 billion was the second highest quarterly revenue on record, the company said.

Santos maintained full-year sales volumes guidance at 90 million barrels of oil equivalent - 97 million barrels of oil equivalent. Production guidance is also unchanged at 73 million barrels of oil equivalent -77 million barrels of oil equivalent.

On 14 October, Santos announced the acquisition of ConocoPhillips' interests in Northern Australia for US$1.39 billion plus a contingent $75 million on Barossa FID.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration granted emergency use authorization (EUA) for the first and only clinical T cell-based test for patients to detect the unique T-cell signature specific to SARS-CoV-2, the virus that causes COVID-19. The test confirms recent or prior COVID-19 infection. Developed by Adaptive Biotechnologies, T-Detect COVID Test is a next generation sequencing based (NGS) test. AstraZeneca's one batch of Covid vaccine has been suspended by Austrian health authorities following reports of a death and an illness after receiving vaccination, reports said. The issues were reported in the district clinic of Zwettl in Lower Austria province. The Federal Office for Safety in Health Care in the country said the remaining stocks of the affected AstraZeneca/Oxford Covid-19 vaccine DuPont (DD) announced Monday that it has agreed to acquire Laird Performance Materials from with private equity firm Advent International for $2.3 billion. The company will use existing cash balances for the acquisition. The transaction is expected to close in the third quarter of 2021, subject to regulatory...
Follow RTT