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

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

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 includes 1 file(s)

  • SK Group acquire a 37.5% interest in Caldita and Barossa from Santos and ConocoPhillips PDF - 465.00 KB 5 Pages, 2 Tables, 1 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
    • Reserves
    • Development Alternatives
    • Gas Composition
  • Strategic rationale
    • ConocoPhillips and Santos
    • SK Group

In this report there are 3 tables or charts, including:

  • Executive summary
  • Transaction details
    • Transaction details: Table 1
  • Upstream assets
    • Upstream assets: Table 1
    • Caldita Barossa Location
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
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