The economic downturn resulting from lower global commodity prices and the completion of the PNG LNG project means the future of Papua New Guinea must be navigated with care. The country possesses plentiful natural resources, which, given effective management, could provide new revenue to spur diversification, as well as sustainable and equitable growth in all provinces.
This story features SANTOS LIMITED, and other companies. For more info SHARE ANALYSIS: STO
Now the Santos bid for Oil Search is out in the open what does it mean for the future of both companies?
-Highly opportunistic bid, given Oil Search is without a permanent CEO
-Merged company would improve access to debt capital markets for Santos
-Reducing the Oil Search stake in Alaska may be key to any deal
By Eva Brocklehurst
Santos ((STO)), it seems, is seriously eyeing off Oil Search ((OSH)). From all reports there was a bid in the wind on June 25 and the latter has finally indicated this was rejected, although remained willing to engage.