Santos quarterly revenue, production down

By Mirza Duran Australian gas producer and GLNG operator, Santos reported a 13 per cent decrease in revenue, affected by the slump in oil and gas prices.

Santos sales revenue for the January-March quarter fell to $883 million from $1.02 billion a year ago.

The Australian company produced 17.9 million barrels of oil equivalent during the period, down from 18.4 mmboe last year.

Average liquefied natural gas prices amounted to $8.88 per metric million British thermal unit, compared to $10.79 per mmBtu a year earlier, Santos said on Thursday.

However, strong gas production in the Cooper basin, GLNG terminal and fixed-price contracts are helping Santos remain

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