Santos Reports Stable 2P Reserves and Boosts CCS Resources

Santos Limited (ASX: STO) closed 2025 with proved plus probable (2P) reserves of 1,484 million barrels of oil equivalent (mmboe), reflecting modest organic additions offsetting annual production and portfolio changes. The Australian gas producer reported that, before accounting for 88 mmboe of production, 2P reserves increased by 13 mmboe, primarily driven by additions in the Cooper Basin and Papua New Guinea. On a reported basis, 2P reserves declined from 1,559 mmboe in 2024 to 1,484 mmboe at year-end 20 ...