Santos half-year production hits record

Oil and gas company Santos produced a record 31.1-million barrels of oil equivalent in the first half of 2016 and significantly boosted its sales volumes, but a 29% decrease in the average realised oil price has dented its revenue. Santos increased its production by 10% year-on-year in the first six months of 2016, comprising 15.6-million barrels in the first quarter and 15.5-million barrels in the second quarter.