Santos completes Bayu-Undan, DLNG sale to SK E&S

SANTOS has completed the sell-down of its 25% interest in Bayu-Undan and Darwin LNG to Korea’s SK E&S – fulfilling a key requirement needed to unlock its Barossa backfill project.

Santos completes Bayu-Undan, DLNG sale to SK E&S Santos completes Bayu-Undan, DLNG sale to SK E&S Santos completes Bayu-Undan, DLNG sale to SK E&S Santos completes Bayu-Undan, DLNG sale to SK E&S Santos completes Bayu-Undan, DLNG sale to SK E&S

Works with JERA on next farm down

The sell-down added US$186 million (A$239 million) in net funds to Santos' coffers, being the sale price of US$390 million less the cashflows from the 25% interests from the effective day of October 1