Australia’s oil and gas giant Santos on Thursday lowered its production guidance for 2025 as a result of a software issue impacting the ramp-up of the new Barossa LNG project and floods in the Cooper basin that affected output. In its third-quarter report out today, Santos narrowed its production guidance for this year to between 89 million and 91 million barrels of oil equivalent (boe), down from the previous guidance of 90-95 million boe. The downgrade primarily reflects a slower-than-anticipated start-up of the floating production,…
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