Santos Q2 Production Down

(RTTNews) - Oil and gas producer Santos Ltd. (STOSF.PK, SSLTY.PK, STO.AX) reported that its second quarter production declined to 22.2 million barrels of oil equivalent or mmboe from 22.8 mmboe last year.

Total sales volume for the second quarter was 23.2 mmboe down from 23.3 mmboe in the prior year.

Quarterly sales revenue decreased to US$1.31 billion from US$1.34 billion in the previous year.

Looking ahead for fiscal year 2024, the company still projects production to be in the range of 84 mmboe - 90 mmboe and sales volumes of 87 mmboe - 93 mmboe.

Santos will release its results for the half-year ended 30 June 2024 on Wednesday 21 August 2024.