Santos Sees 2026 Output of 99 to 102 MMBOE, Lifts Papua LNG Stake
Santos expects 2026 production of 99 to 102 MMBOE, with quarterly sales revenue of $2,006 million and a 21% Papua LNG interest after state back-in.
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what happened
Australian oil and gas producer Santos said it expects 2026 production of 99 to 102 million barrels of oil equivalent (MMBOE), and sales volumes of 102 to 105 MMBOE. Reuters reported the figures based on the company's statement.
For the latest quarter, sales revenue came to $2,006 million. Sales volume reached 26.4 MMBOE and production totalled 26.3 MMBOE. Santos plans to hold Pikka oil output at around 70,000 barrels per day for a short period.
Santos also said its interest in the Papua LNG project will rise to 21% after the state's stake is passed back. The final investment decision on the project is planned for the fourth quarter of 2026.
why it matters
For markets, the key points are steady output and a bigger share in Papua LNG ahead of a final investment decision. This matters for investors in the LNG sector and for gas supplies to Asia. The guidance reflects current production levels, while the wider effect on oil and gas prices will depend on further project decisions.
market impact
Нефть и СПГ: стабильные объёмы Santos и рост доли в Papua LNG поддерживают интерес к сектору
tags
instruments
sources
- Santos Sees 2026 Production Volumes 99 To 102 MMBOE — Reuters, 22 October 2026 at 01:09 UTC
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