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Santos 2019 Production Up 28%

Oil and gas producer Santos Ltd. (STOSF.PK,SSLTY.PK,STO.AX) reported that production for fiscal year 2019 was 75.5 million barrels of oil equivalent, up 28% from the prior year.

Sales volumes for the year rose 21 percent to 94.5 million barrels of oil equivalent from the prior year.

Annual sales revenue was US$4.03 billion, up 10% from the prior year.

Looking ahead for 2020, Santos expects production to be 79 million barrels of oil equivalent -87 million barrels of oil equivalent, and sales volumes of 99 million barrels of oil equivalent - 107 million barrels of oil equivalent.

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