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Santos completes sell-down to SK E&S


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Santos has announced it has completed the sell-down of 25% interests in Bayu-Undan and Darwin LNG to SK E&S, which is also a partner in Barossa.
The sell-down resulted in net funds to Santos of US$186 million at completion, being the sale price of US$390 million less the cashflows from the 25% interests from the effective date of 1 October 2019 to completion.
Santos Managing Director and Chief Executive Officer Kevin Gallagher said he was delighted to formally welcome Barossa joint venture partner SK E&S as a partner in Bayu-Undan and Darwin LNG.
“The sell-down to SK E&S is in-line with our strategy of disciplined growth while maintaining a strong balance sheet by managing equity levels in our growth projects consistent with disciplined capital management,” Mr Gallagher said. ....

Kevin Gallagher , Managing Director , Chief Executive Officer Kevin Gallagher , Santo Moomba , Tokyo Gas , Final Investment Decision , Ske Amp S , Liquefied Natural Gas , Darwin Lng , கெவின் கல்லாகர் , நிர்வகித்தல் இயக்குனர் , தலைமை நிர்வாகி அதிகாரி கெவின் கல்லாகர் , சாண்டோ மூம்ப , டோக்கியோ வாயு , இறுதி முதலீடு முடிவு ,

Santos completes Bayu-Undan, Darwin LNG sell down


Santos completes Bayu-Undan, Darwin LNG sell down
Australia s Santos on April 30 said it had completed the sell-down of 25% interest in Bayu-Undan field in the Timor Sea and Darwin LNG project to South Korea s SK E&S, which is also a partner in Barossa.
The sell-down resulted in net funds to Santos of US$186mn at completion, being the sale price of US$390mn less the cashflows from the 25% interests from the effective date of October 1, 2019, to completion, the company said.
Santos and SK E&S have also signed a memorandum of understanding to jointly investigate opportunities for carbon-neutral LNG from Barossa, including collaboration relating to Santos’ Moomba CCS project, bilateral arrangements for carbon credits and potential future development of zero-emission hydrogen. ....

South Korea , Timor Sea , Santo Moomba , Tokyo Gas , Darwin Lng , Ske Amp S , தெற்கு கொரியா , டைமர் கடல் , சாண்டோ மூம்ப , டோக்கியோ வாயு , டார்வின் ல்க் ,

Australia: Santos completes Bayu-Undan and Darwin LNG sell-down to SK E&S


Australia: Santos completes Bayu-Undan and Darwin LNG sell-down to SK E&S
30 Apr 2021
Bayu-Undan and Darwin LNG to
SK E&S, which is also a partner in
Barossa.
The sell-down resulted in net funds to Santos of US$186 million at completion, being the sale price of US$390 million less the cashflows from the 25 per cent interests from the effective date of 1 October 2019 to completion.
Santos agrees to sell a 25 percent interest in Darwin LNG and Bayu-Undan
Santos Managing Director and Chief Executive Officer Kevin Gallagher said he was delighted to formally welcome Barossa joint venture partner SK E&S as a partner in Bayu-Undan and Darwin LNG. ....

Kevin Gallagher , Managing Director , Chief Executive Officer Kevin Gallagher , Santo Moomba , Tokyo Gas , கெவின் கல்லாகர் , நிர்வகித்தல் இயக்குனர் , தலைமை நிர்வாகி அதிகாரி கெவின் கல்லாகர் , சாண்டோ மூம்ப , டோக்கியோ வாயு ,