Santos Increases Interest in Southern Amadeus Basin Permits

Source: www.gulfoilandgas.com 5/2/2017, Location: Not categorized

Central Petroleum Limited's (Central) joint venture partner, Santos QNT Pty Ltd (Santos), has exercised its option to acquire a 50% participating interest in and be appointed operator of EP(A)111 and EP(A)124. Santos’ option to acquire this interest was granted as part of Central’s acquisition of a 50% interest in the Mereenie Oil & Gas Field announced to the ASX on 4 June 2015.

The EP(A)s are located in the Southern Amadeus Basin and adjacent to existing Santos operated areas in joint venture with Central. Central will retain a 50% participating interest in these EP(A)s.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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