Santos’ $1.26 Bn Asia asset deal

摘要

Santos has completed the acquisition of ConocoPhillips’ northern Australia and Timor- Leste assets for a reduced price of US $1.265 Bn, plus an increased contingent payment of $200m, subject to a Final Investment Decision (FID) on the Barossa field development project. “Due to recent market volatility and the deferral of Barossa FID, Santos and ConocoPhillips agreed to decrease the previously announced $1.39 Bn upfront payment at completion to $1.265 Bn and increase the contingent payment on Barossa FID from $75m to $200m,” said Santos of the new-look deal.