Deal insight

SK Group acquire a 37.5% interest in Caldita and Barossa from Santos and ConocoPhillips

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Report summary

On 7 June 2012 ConocoPhillips and Santos announced that SK Group would take a 37.5% interest in the Barossa and Caldita gas condensate fields. The initial consideration for the deal is US$260 million. An additional equity farm down and payments of up to US$200 million could also be made if the fields progress to development. ConocoPhillips will remain operator though its equity in the fields will drop from 60% to 37.5%. Santos' stake will fall from 40% to 25%.The Barossa and ...

What's included

This report contains

  • Document

    SK Group acquire a 37.5% interest in Caldita and Barossa from Santos and ConocoPhillips

    PDF 465.00 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale

Tables and charts

This report includes 3 images and tables including:

Images

  • Caldita Barossa Location

Tables

  • Transaction details: Table 1
  • Upstream assets: Table 1

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