OPERATIONS

Rain dampens Santos production

SANTOS has cut its 2010 production guidance by 2 million barrels of oil equivalent after the company reported a 6% drop in first-quarter production due to major floods in central Australia and Queensland.

Rain dampens Santos production

The new output target of 49-52MMbboe comes as heavy rains over the company's Cooper Basin operations reduced production to 12.4MMboe, 6% lower than the corresponding period last year and 11% lower than...

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