Santos upgrades full-year expectations

Oil and gas major Santos has increased its full-year production expectations following another stellar quarter of production. Santos on Thursday upgraded its 2017 sales volume guidance from between 77-million and 82-million barrels of oil equivalent, to between 79-million and 82-million barrels of oil equivalent, while production guidance has increased from between 57-million and 60-million barrels of oil equivalent to between 58-million and 60-million barrels of oil equivalent.