Santos warns on FY production

Petroleum producer expects production at lower end of guidance after posting a slight year-on-year fall in Q3 result.

Santos (STO) says it is still on track to meet its full-year production guidance, but likely at the lower end, after posting a slight year-on-year slip in third-quarter production.

In the three months to September 30, Santos produced 13.4 million barrels of oil equivalent (MMboe), a 1% decrease on the 13.5 MMboe produced in the previous corresponding period.

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