Santos lowers FY production guidance

Oil giant reduces guidance by 3% as second-quarter production falls, sales revenue lifts in first half.

Santos Ltd has downwardly revised its full-year production guidance on a decline in second-quarter oil production.

In the three months to June 30, Santos produced 12.4 million barrels of oil equivalent (mmboe), a 5% fall on the 13 mmboe in the previous corresponding period.

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