Santos cuts 2015 capex

摘要

Santos has reduced its projected 2015 capital expenditure to US $2.0 Bn from the previous figure of $2.7 Bn. The Australian player’s managing director and CEO David Knox reaffirmed the strength of Santos’ financial position “notwithstanding the substantial fall in the oil price and the company’s share price in recent weeks”. “We remain on track to realise the cash flow benefits in 2015 and 2016 from our growth investments in recent years,” Knox said.