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Santos Ltd Lowers FY 2013 Production Guidance-AAP

Thursday, 18 Jul 2013 08:35pm EDT 

Australian Associated Press reported that Santos Ltd has cut its production forecasts due to problems caused by supply, weather and infrastructure. Santos Ltd has reduced its fiscal 2013 production guidance to 52-55 million barrels of oil equivalent (mmboe), down from 53 to 57 mmboe previously. It said the revision was due in part to deferred oil and gas production from the Chim Sao oil field in Vietnam due to problems with its offshore production and shipping facility. Other factors contributing to the decline included natural field decline in Sangu, off Bangladesh, and deferred oil production in West Australia's Carnarvon Basin, due to poor weather. 

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