Santos Cuts Gas Production Guidance
Australia’s oil and gas giant Santos has lowered its production guidance for 2025 due to a software issue at the Barossa LNG project and floods in the Cooper Basin.
The company narrowed its production guidance for this year to between 89 million and 91 million barrels of oil equivalent (boe), down from the previous guidance of 90-95 million boe.
A software issue impacting the ramp-up of the new Barossa LNG project and floods in the Cooper basin affected output.
Tsvetana, a writer for Oilprice.com, reports on the update.
Author's summary: Santos cuts 2025 production forecast.
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