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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 ...

What's included

This report contains

  • Document

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

    PDF 552.73 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

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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