SYDNEY (AFX-ASIA) – Oil and gas developer Santos Ltd has lifted expected savings from its cost reduction program to A$100 million by the end of 2003. (US$1=A$1.6). In his speech to the company’s AGM, chief executive John Ellice-Flint said: “In May 2001 we set a market commitment of achieving capital and operating cost savings of…
AUSTRALIA: Santos lifts costs savings target to A$100 million by end 2003
Posted on May 12, 2003 by EnergyAsia