Company News

Santos downgrades stake in Timor Sea and Darwin assets for $500m

30 Apr 2021 - Australia’s second largest oil and gas producer Santos (ASX:STO) has successfully snapped up $501 million fly offloading 25 per cent stake in BayuUndan and Darwin LNG. Under the agreement, South Korean energy giant SK Group will own a 25 per cent interest in assets at the gas field in the Timor Sea and the liquefaction plant in the Northern Territory.

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