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Oct 14, 2019

Santos in $2b northern gas assets deal

Santos in $2b northern gas assets deal

Gas and oil giant Santos will pay more than $2 billion to acquire ConocoPhillips’ northern Australia business. The package includes operating interests in Darwin LNG, Bayu-Undan, Barossa and Poseidon for $US1.39 billion ($AU2 billion). There is also a $US75 million ($AU111 million) contingent payment subject to a final investment decision on Barossa – a gas…

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