July 17, 2019 / 11:01 PM / a month ago

Australia's Santos posts record quarterly production

July 18 (Reuters) - Australia’s No 2 independent gas producer Santos Ltd said on Thursday it had clocked record gas production in the second quarter on stronger output across its gas assets.

Production for the three months to June 30 rose to 18.6 million barrels of oil equivalent (mmboe) from 14.2 mmboe last year, the company said. The figure was higher than a Citi estimate of 17.78 mmboe. Source Text here

Sales for the period rose to 22.4 mmboe from 19.1 mmboe last year, bringing in revenue of $959 million.

Reporting by Ambar Warrick in Bengaluru; Editing by Shounak Dasgupta

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