Jan 20 (Reuters) - Santos Ltd STO.AX
* 2016 fourth quarter activities report
* Q4 sales 21.9 mmboe versus 17.2 mmboe last year
* Q4 production 15.0 mmboe versus 14.9 mmboe last year
* 2016 sales volumes of 84.1 mmboe were above upper end of guidance (81-83 mmboe)
* Annual capital expenditure US$625 million, down 51% and below guidance
* FY production of 61.6 mmboe was towards top end of guidance (60-62 mmboe)
* Qtrly sales revenue US$753 million versus US$596 million last year
* FY upstream production costs of US$8.50/boe and capital expenditure of US$625 million were both below guidance
* Santos expects 2017 sales volumes to be in range of 73-80 mmboe and production to be in range of 55-60 mmboe Source text for Eikon: Further company coverage: STO.AX