×

We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 

Deal Insight

Santos sells 5% in PNG LNG to Kumul

Get this report

$1,650

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

05 October 2022

Santos sells 5% in PNG LNG to Kumul

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

Tables and charts

This report includes 8 images and tables including:

  • Executive summary: Table 1
  • PNG LNG production outlook
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

    Santos sells 5% in PNG LNG to Kumul

    PDF 751.18 KB