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.

Santos raises 2018 production and sales guidance, cuts capex guidance Santos raises 2018 production and sales guidance, cuts capex guidance Santos raises 2018 production and sales guidance, cuts capex guidance Santos raises 2018 production and sales guidance, cuts capex guidance Santos raises 2018 production and sales guidance, cuts capex guidance

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.

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