Project Profile
Location: Western Province of Papua New Guinea (PNG)
Start-up Year: -
Santos Limited announced the execution of binding agreement to participate in a prospective exploration permit in the Western Province of Papua New Guinea (PNG). The agreement with Repsol (formerly Talisman) provided for Santos to acquire 30% interest in permit PPL 426. The agreement is subject to certain conditions precedent and on obtaining PNG Government approval.
Operators:
Repsol (formerly Talisman): Operator with 70% interest
Santos Limited: 30% percent