Santos Ltd and Quadrant Energy Ltd, now a wholly owned subsidiary of Santos after a takeover completed in November 2018, altered their respective interests in retention lease WA-45-R, located in the Dampier Sub-basin, North Carnarvon Basin, on 27Q November 2018, upon the withdrawal of joint venture partners Harriet (Onyx) Pty Ltd and Hydra Energy (WA) Pty Ltd.  Harriet and Hydra had both held 12.5% interest within the licence, which has now been assigned to Santos.Â  Santos has redistributed the interests between its holders with Quadrant holding 55% and operatorship and Santos Ltd holding 45%.  The licence was awarded on 23 November 2011 and is valid until May 2022. It contains part of the Corvus gas discovery, which was made in April 2000.Â  The operator is reportedly planning appraisal during 2019.  WA-45-R, which covers an area of 81 sq km, saw an interest change completed on 27 November 2018.Â  Participants in the licence are now Quadrant Northwest Pty Ltd (55% + Operator) and Santos Offshore Pty Ltd (45%).
Santos Ltd and Quadrant Energy Ltd, now a wholly owned subsidiary of Santos after a takeover completed in November 2018, altered their respective interests in retention lease WA-45-R, located in the Dampier Sub-basin, North Carnarvon Basin, on 27Q November 2018, upon the withdrawal of joint venture partners Harriet (Onyx) Pty Ltd and Hydra Energy (WA) Pty Ltd. Harriet and Hydra had both held 12.5% interest within the licence, which has now been assigned to Santos. 