Santos Nails Q1, Pikka & Barossa Set for LNG Surge

Santos Limiteds Q1 update reveals robust operations and finances, with production at 22.5 million barrels of oil equivalent, a slight increase from last quarter and the previous year. Revenue reached $1.27 billion, and operating free cash flow neared $383 million. The Pikka Phase one project is nearing completion, with first oil expected in a few weeks and peak production by Q3 2026. Barossas floating facility is set to restart soon, contributing to Asias hot LNG market. Santos also secured a ten-year, 200 petajoule gas deal with South Australias government, aiming for over $600 million in savings. With steady guidance for 2026, Santos is poised for a production surge if executions are successful. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1d8cfc296e5684cc