Business · Energy & Commodities · 3 hrs ago
Santos Sets Quarterly Production Record as Two Projects Lift Output
Santos said its production reached a quarterly record in the three months through September.
Santos is an Australian liquefied natural gas exporter.
The company said output rose from two major projects.
The record means Santos produced more in that quarter than in any of its previous quarters.
The announcement does not name the projects or give production figures.
No next steps were specified.
Santos reported record production of 26.3 million barrels of oil equivalent in the third quarter of 2026.
Output rose 14% from the previous quarter and 23% from the same quarter a year earlier, according to Motley Fool AU.
The company said increased output from the Barossa and Pikka projects lifted production.
Quarterly sales revenue was US$2,006 million, up 49% from the previous quarter.
Santos narrowed its full-year production guidance to 99–102 million barrels of oil equivalent.
- Who
- Santos Ltd, an Australian liquefied natural gas exporter.
- What
- It reported record quarterly production of 26.3 million barrels of oil equivalent.
- When
- The three months through September 2026; the report was published on October 21, 2026.
- Where
- Not stated
- Why
- Output increased as production rose from the Barossa and Pikka projects.
This story does not have two clearly opposing sides.
Santos lifted its first oil cargo from Pikka.
Santos recorded quarterly production of 26.3 million barrels of oil equivalent.
Reports on Santos' record third-quarter production were published.
- Third-quarter production
- 26.3 million barrels of oil equivalent
- Quarter-on-quarter production growth
- 14%
- Year-on-year production growth
- 23%
- Third-quarter sales revenue
- US$2,006 million
- 2026 production guidance
- 99–102 million barrels of oil equivalent
2 sources
What people are saying
Production of 26.3 mmboe was up almost 14 per cent on the June quarter and 23 per cent on the September quarter last year.
The inflection point is here, and I expect more to come in the fourth quarter as Barossa continues its journey to high reliability and Pikka gets a full quarter online.