Santos produced 12.2 million barrels of oil equivalent in the first quarter of 2014, compared with 12.1 million boe in the first quarter of 2013.

The 1% increase was thanks to strong progress on some of Santos’ major projects and the start-up of Fletcher-Finucane.

Compared to the fourth quarter of 2013, Santos suffered a 7% drop in production, with Otway, Narrabri and Carnarvon production lower in the first quarter.

Santos