Santos Limited reported production results for the fourth quarter and full year ended December 31, 2015. Fourth quarter production of 14.9 mmboe was in line with the corresponding quarter. Fourth quarter sales revenue of $828 million was 24% below the corresponding quarter, with the average realised oil price down 33% to AUD 61 (USD 44) per barrel. Capital expenditure was $1.66 billion, 54% lower than the prior year.

For the full year 2015, production was 57.7 mmboe. Total net debt as at December 31, 2015 was AUD 6,550 million.