Deal insight
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 contains
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
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Upsides and risks
- Reserves
- Development Alternatives
- Gas Composition
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Strategic rationale
- ConocoPhillips and Santos
- SK Group
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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