Australia’s Santos today issued its first quarter activities report for period ending 31 March 2012.
First quarter production up 13% and sales revenue up 50%
Key activities during the period
Santos Chief Executive Officer David Knox said the company was beginning to reap the benefits of the successful and on-time project start-ups in 2011 that were now contributing to increased production.
“ Our production compared to last year has increased as a result of adding four new projects to the base business.
“ Higher production, combined with strong oil and gas prices, has delivered a solid first quarterly result, setting a strong foundation for 2012 .
“ Project delivery remains the focus of the PNG LNG and GLNG projects, both of which remain on-track for first LNG in 2014 and 2015 respectively ,” Mr Knox said.
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LNG World News Staff, April 19, 2012