Santos Limited provided production guidance for the fiscal year 2022 and 2023. For the year 2022, the company expects production guidance is maintained at 103 million -106 million barrels of oil equivalent (mmboe) and sustaining capital expenditure guidance is maintained at approximately USD 1.1 billion.

For the year 2023, the company expects Production in 2023 is expected to be in the range of 91-98 mmboe, influenced by the end-of field-life at Bayu-Undan, timing of completion of the expected sell-down of a 5% stake in PNG LNG and lower Western Australia domestic gas production.