MARKETS

Santos raises 2018 production and sales guidance, cuts capex guidance

SANTOS has raised the lower end of its calendar 2018 guidance for production and sales by 1 million barrels of oil equivalent and 2MMboe, respectively and has knocked capital expenditure guidance down by $50 million.

Paul Hunt
 Image courtesy of Santos.

Image courtesy of Santos.

Production was up 6% and sales revenue up 10% for the third quarter of 2018.    Third quarter production stood at 15MMboe, sales were  20.3MMboe and revenue US$973 million, which included LNG revenues...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

editions

ENB Social Licence Report 2021

In its second year, this research now includes trends and new findings surrounding impacts and responses as the energy industry seeks to secure and maintain a social licence to operate.