Santos production falls in Q1

Planned maintenance has seen oil and gas major Santos’ first-quarter production decline by 1.2-million barrels of oil equivalent, compared with the previous quarter, to 13.8-million barrels of oil equivalent. The ASX-listed major told shareholders on Wednesday that planned maintenance in Moomba and in Queensland, as well as the temporary outage of the Papua New Guinea liquefied natural gas (PNG LNG) project, following a major earthquake in February, had affected production.