What were the main operational disruptions that caused Santos' first-quarter sales revenue to decline?

Santos' first-quarter sales revenue declined due to a temporary outage at its Barossa offshore gas project—specifically, maintenance on the floating production vessel supplying the Darwin LNG plant—and cyclone-related disruptions to port operations on the west coast, including the Port of Varanus Island, caused by Tropical Cyclone Narelle.

What is the current status and timeline for Barossa FPSO production restart and LNG output resumption?

The Barossa floating storage and offloading facility (FPSO) is expected to begin ramping up production the following week after the end of the quarter, with liquefied natural gas (LNG) output set to start a few days after the FPSO comes online.

Santos' First-Quarter Sales Revenue Slips on Barossa Outage, Cyclone Narelle

Apr 22, 2026

Santos posted a 1.8% decline in Q1 sales revenue to $1.27 billion caused by Barossa maintenance and Cyclone Narelle, despite a 2.7% rise in production volume and higher average crude prices.

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