Santos 3Q Oil Production Highest in 6 Years (Australia)
Australia’s Santos has announced a 6% lift in third quarter production to 13.5 million barrels of oil equivalent (mmboe) and record quarterly sales revenue of $851 million.
Quarterly crude oil production of 2.6 million barrels was the highest in four years and 6% above the previous quarter due to strong production from Chim Sáo and higher Cooper Basin oil production.
Santos Chief Executive Officer David Knox said :“The third quarter demonstrates the growth in our base business. The quarter also stand out for the highest quarterly sales revenue in the company’s history.”
Source: Santos, October 18, 2012