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BRIEF-Santos Posts Qtrly Sales Revenue Of $861 Million

Published 24/01/2018, 09:49 am
© Reuters.  BRIEF-Santos Posts Qtrly Sales Revenue Of $861 Million
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Jan 24 (Reuters) - Santos Ltd STO.AX :

* QTRLY SALES REVENUE US$861 MILLION VERSUS US$753 MILLION LAST YEAR

* QTRLY PRODUCTION 15.0 MMBOE VERSUS 15.0 MMBOE LAST YEAR

* QTRLY SALES 21.8 MMBOE VERSUS 21.9 MMBOE LAST YEAR

* QTRLY CAPITAL EXPENDITURE US$682 MILLION, BELOW GUIDANCE

* NET DEBT REDUCED TO US$2.7 BILLION AT END OF YEAR, DOWN FROM US$3.5 BILLION AT END OF 2016

* 2018 CAPITAL EXPENDITURE IS EXPECTED TO BE US$825-875 MILLION

* EXPECTS 2018 SALES VOLUMES TO BE IN THE RANGE OF 72-78 MMBOE AND PRODUCTION TO BE IN THE RANGE OF 55-60 MMBOE

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