Santos announces today the acquisition of COP's northern Australia operated assets involving Darwin LNG (56.9%), Bayu-Undan production (56.9%), Barossa devt and Poseidon (37.5%) for USD 1.39 bn plus USD 75 MM contingent payment subject to FID on Barossa. The effective date for the transaction will be 1 Jan '19, subject to regulatory approval. The sale is expected to be completed in 1Q '20. Full release here.
Australia (Calder Graben (Bonaparte B.)) Barossa