Santos Says New Projects May Boost Oil, Gas Production by 20%

CEO of Santos Ltd. David Knox
David Knox, chief executive officer of Santos Ltd. Photographer: Luis Enrique Ascui/Bloomberg

Santos Ltd. Chief Executive Officer David Knox said the Australian oil and gas company’s new projects starting output this year may increase production by 20 percent.

New projects may help increase’s Santos output to about 60 million barrels of oil equivalent annually from about 50 million in coming years, Knox said during a conference call with reporters today.