Santos Ltd completed the sale of 50% interest and in exploration permit ATP 1177-P, located in the Bowen-Surat Basin, on 28 June 2018.Â  Orient (Denison Trough) Pty Ltd has acquired the interest, with Santos exiting the permit.  The companies entered the agreement in April 2018, before it was registered by the Queensland State Government on 28 June 2018.  ATP 1177-P was awarded to Santos QNT Pty Ltd and joint venture partner Australia Pacific LNG Pty Ltd on 29 November 2013 after being applied for in April 2013.Â  The permit was renewed in October 2017 and is due to expire, or be further renewed, in November 2021.  Joint venture partner Australia Pacific LNG Pty Ltd holds 50% interest and has taken over operatorship on Santosâ exit.  The permit contains the Yamala gas discovery, which was made in 1997.Â  There are also a number of dry wells to the north and south areas of the permit.  ATP 1177-P, which covers an area of 315 sq km, was awarded on 29 November 2013. Now that Orient has completed acquisition of Santosâ interest, participants in the permit are Australia Pacific LNG Pty Ltd (50% + Operator) and Orient (Denison Trough) Pty Ltd (50%).
Santos completed the sale of 50% interest in exploration permit ATP 1177-P to Orient (Denison Trough).