Santos Ltd increased its interest holding in exploration permit WA-01-P, located in the North Carnarvon Basin, on 22 December 2017.Â  Santos has acquired an additional 22.44% interest from joint venture partner and operator Quadrant Northwest Pty Ltd.  Santos previously held a 22.56% interest in the permit. This has been transferred to subsidiary Santos Offshore Pty Ltd and an additional 22.44% interest acquired from Quadrant to take Santosâ holding to 45%. At the time of this deal, Santos also acquired a 45% interest in a number of other Quadrant permits within the North Carnarvon Basin â WA-43-R, WA-50-R, WA, 55-R WA-499-P and WA-501-P.Â  Santos previously had no holding within these permits. WA-01-P, which covers an area of 402 sq km, was awarded on 15 November 1968.Â  Now that Santos has increased its interest holding, participants in the permit are Quadrant Northwest Pty Ltd (55% + Operator) and Santos Offshore Pty Ltd (45%).Â   Â 
Santos (-> 45%) has acquired an additional 22, 44% interest in exploration permit WA-01-P from joint venture partner and operator Quadrant NW (-> 55%).