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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 ...

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    Santos sells its 40% operated interest in Evans Shoal to Eni for US$250 million

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This report includes 3 images and tables including:

Images

  • Evans Shoal location and surrounding fields

Tables

  • Oil & gas pricing and assumptions: Table 1
  • Upstream assets: Table 1

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