Deal Insight
Santos sells 5% in PNG LNG to Kumul
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Kumul Petroleum, Papua New Guinea's national oil company, has made a binding conditional offer to Santos to acquire a 5% stake in the PNG LNG project. A consideration of US$1.4 billion, including a US$300 million share of project finance debt, has been agreed. The deal, with an effective of 31 December 2022, will increase Kumul Petroleum's stake in the project to 24.6%, with Santos retaining a 37.5% interest.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Upsides:
- Downsides:
-
Strategic rationale
- Santos
- Kumul Petroleum
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
-
Executive summary: Table 1PNG LNG production outlookUpstream assets: Table 1
-
Deal analysis: Table 1Deal analysis: Table 2Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
Other reports you may be interested in
Asset Report
Gobe Main
The Gobe Main field is located in the Southern Highlands of Papua New Guinea.
$3,720
Asset Report
Greater Poseidon
Greater Poseidon is a stranded gas potential development containing the Poseidon, Zephyros, Kronos and Proteus/Pharos gas discoveries.
$3,720
Country Report
Papua New Guinea upstream summary
LNG projects define PNG's upstream sector.
$6,480
