Santos formalises Novus asset deal with Medco

Santos Ltd said on Friday it had formalised the acquisition of some former Novus Petroleum assets following its successful takeover by new Indonesian owner Medco Energy Internasional.

It has previously announced in early June it would acquire part of Novus’ Indonesian interests and all of Novus’ Cooper Basin interests, subject to certain conditions.

Medco is maintaining Novus’ Middle Eastern and United States-based assets after wrapping up its takeover in mid July.