Santos Limited
(ASX:STO) has reported record annual sales and production results for the period ending 31 December 2016.
The Oil and gas producer says, its annual sales volumes increased by 31%, while its annual production jumped 7% up from the prior period.
The company also saw record LNG sales volumes, which soared 89%.
The huge surge ahead came from GLNG’s ramp up and stronger LNG performance in PNG and Darwin.
Santos posted a net loss of $1.49 billion at 30 June 2016.
