Santos has received a binding conditional offer from Kumul Petroleum Holdings to acquire a 5 per cent project interest in PNG LNG for asset value of US$1.4 billion, including a proportionate share of project finance debt of approx. US$0.3 billion. Kumul is Papua New Guinea’s national oil and gas company and existing partner in the PNG LNG project.
- Santos : Kumul offers to acquire 5% of euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.
Santos has announced that the merger with Oil Search is now effective following the approvals by Oil Search shareholders and the National Court of Papua New Guinea.