Santos announces major acquisition of ConocoPhillips assets

KEVIN Gallagher’s Santos will acquire a swathe of assets from ConocoPhillips in Northern Australia under a US$1.4 billion (A$2.05 billion) deal that will see the major gas producer take ConocoPhillips’ interest in the Darwin LNG project and associated fields.

Santos announces major acquisition of ConocoPhillips assets Santos announces major acquisition of ConocoPhillips assets Santos announces major acquisition of ConocoPhillips assets Santos announces major acquisition of ConocoPhillips assets Santos announces major acquisition of ConocoPhillips assets

Under the deal Santos will pick up a 37.5% stake in the Barossa project and Caldita field, a 56.