Ref. DEA 12 Dec '17, Santos is exercising a 40% farmin option with Melbana in the latter's WA-488-P (Beehive prospect), 4,100 sq km offshore Bonaparte Basin. Total, who had a similar arrangement, has declined, which could bring Santos to an 80% deal in exchange for funding planned Beehive-1. Santos must respond to this modified offer by 4 Dec '19.
Santos is exercising a 40% farmin option with Melbana (60% op) in the WA-488-P (4100kmÂ², offshore, Beehive prospect). 