AUSTRALIA

Santos 2P figures down on GLNG deals

SANTOS' proved plus probable reserves position has gone down slightly to 1.34 billion barrels of oil equivalent at the end of 2011 from 1.45Bboe in 2010 as the sale of part of the GLNG project outweighs exploration gains and the acquisition of Eastern Star Gas.

Santos 2P figures down on GLNG deals

It lost production of 108 million barrels of oil equivalent from its 2P book as a direct result of the sale of a 15% stake in the GLNG project to French outfit Total and Korean KOGAS. It also lost 98MMboe...

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