Australian Santos’ first-quarter output slips 2.4%

摘要

Singapore—Australia’s Santos said April 19 its oil and gas production in the first quarter of 2013 slipped 2.4% year on year to 12.1 million barrels of oil equivalent. Although the numbers were in line with expectations, Santos “remains challenged” in the near term, a Bernstein Research analyst said. The note called Santos’ Gladstone LNG project in eastern Australia “more of a liability than an asset.”