Santos today announced third quarter activities report.
Higher quarterly production and sales revenue
Key activities during the period
Santos Chief Executive Officer David Knox said output of all the company’s product streams was higher in the third quarter as operations continued to recover from adverse weather earlier in the year.
“ Cooper Basin gas and oil production increased as field conditions continued to improve ,” Mr Knox said.
“ GLNG construction activity continues to ramp-up quickly. Site clearing on Curtis Island is complete and bulk earthworks are well underway .”
“ I am pleased with the progress of the project since FID in January this year. First LNG is expected in 2015 .”
Mr Knox said the start-up of the Chim Sao project in Vietnam represented a significant addition to Santos’ oil production.
“ Chim Sao is the second of four new projects in the base business to commence production this year and follows the Halyard/Spar project in Western Australia, which commenced production in June. The other two projects – Reindeer in WA and Wortel in Indonesia – are on schedule for first production by the end of the year ,” Mr Knox said.
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Source: Santos, October 20, 2011