Santos has released its first quarter activities report for 2013, with growth projects on track and first quarter production impacted by planned shutdowns.
Production for the quarter of 12.1 million barrels of oil equivalent (mmboe) was 2% lower than the first quarter of 2012. Gas production was in line with the corresponding period while crude oil production was lower due to the planned dry docking of Mutineer-Exeter and lower production from Stag and the Cooper Basin.
Quarterly sales revenue of $713 million was 5% lower than the corresponding quarter, primarily due to lower third party gas sales. Production guidance for 2013 is maintained at 53 to 57 mmboe.
Key activities during the first quarter included: progress on the Fletcher Finucane oil project offshore WA; PNG LNG over 80% complete and on track for first LNG in 2014; GLNG over 50% complete and on track for first LNG in 2014; high-impact WA drilling campaign underway; and the Peluang gas project in Indonesia sanctioned.
To view the announcement, please click on the following link: http://www.santos.com/library/130419_Santos_First_Quarter_Activities_Report.pdf
Regards
Santos
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Santos Limited
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CODE : STO.AX |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Santos is a oil exploration company based in Australia. Santos is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 15.1 billions as of today (US$ 10.2 billions, € 9.3 billions). Its stock quote reached its highest recent level on March 08, 2013 at AU$ 9.98, and its lowest recent point on October 11, 2024 at AU$ 7.25. Santos has 2 082 909 952 shares outstanding. |