Santos Adjusts 2025 Production Forecast Amid LNG Software Issues and Floods

Santos Limited has revised its 2025 production forecast downward due to software issues with the Barossa LNG project and flooding in the Cooper basin, impacting overall outputs.

• In its third-quarter report, Santos Limited adjusted its production guidance for 2025, lowering it due to delays with the Barossa LNG project and adverse weather conditions.
• The revised production estimate for 2023 now stands between 89 million and 91 million barrels of oil equivalent (boe), down from an earlier forecast of 90-95 million boe.
• Floods in the Cooper basin have significantly impacted output, coinciding with software issues affecting the ramp-up of the critical Barossa LNG project.