OPERATIONS

Santos boosts guidance

SANTOS managing director Kevin Gallagher says tightening the screws has enabled the oiler to get its breakeven costs down to $US33/barrel over the past six months, and net debt has slimmed to a mere $US2.9 billion ($A3.64 billion), but his fitness regime is far from over.

 Kevin Gallagher.

Kevin Gallagher.

Since he took over in 2016 Gallagher's workout plan for Santos has shaved $14/bbl from costs, while net debt dropped $600 million over the past 18 months.   It was part of the plan to transform Santos...

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