Deal Insight
Santos sells its 40% operated interest in Evans Shoal to Eni for US$250 million
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Report summary
In late October 2011, Santos agreed to sell its 40% operated interest in the Evans Shoal fields (NT/P 48) to an undisclosed buyer for up to US$350 million. Eni was confirmed as the buyer on 29 November 2011. Santos will receive a cash consideration of US$250 million and a contingent cash payment of up to US$100 million. This extra payment is subject to the partners taking a final investment decision (FID) and is dependent on the level of 2P reserves confirmed at that point. In a ...
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- NT/P 48
- Reserves
-
Upsides and risks
- Reserves uncertainty
- High CO2
- Competing Projects
-
Strategic rationale
- Santos
- Eni
- Shell
- Oil & gas pricing and assumptions
Tables and charts
This report includes 3 images and tables including:
- Oil & gas pricing and assumptions: Table 1
- Upstream assets: Table 1
- Evans Shoal location and surrounding fields
What's included
This report contains:
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