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Santos Lifts 2025 Production Forecast

Dec 03, 2019

Santos Ltd on Tuesday increased its forecast for 2025 production by 20% underpinned by oil and gas projects it plans to develop in Australia and Papua New Guinea.The company plans to produce 120 million barrels of oil equivalent (mmboe) a year by 2025, up from a forecast of 100 mmboe previously, it said in a strategy briefing. The new forecast now projects output will rise by 8% a year during the period…

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