The National Court of Papua New Guinea (PNG) has made orders approving the scheme of arrangement, under which Santos will acquire all shares in Oil Search in exchange for the issue of new Santos shares to shareholders.
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Santos receives merger clearance
Santos has received clearance from the Independent Consumer and Competition Commission (ICCC) of Papua New Guinea to implement the merger
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Green light for vote on Oil Search-Santos deal
The Papua New Guinea court has allowed Oil Search shareholders to vote on its merger with Australia’s Santos, while also winning the backing of an independent advisory firm for the deal.
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Santos, Oil Search extend merger deadline
Santos and Oil Search have agreed to extend the due diligence period for their possible merger to September 13, 2021. Last month Santos and Oil
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PNG PM voices support for Santos, Oil Search merger
Papua New Guinea Prime Minister James Marape says the government is fully aware of the Santos and Oil Search proposed merger, stating he could see some positive development from the deal. “Oil
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Oil Search remains strong despite COVID-19 impacts
Oil Search acting chief executive officer Peter Fredricson said the company has delivered strong production in the last quarter, supported by the safe completion of the major planned maintenance campaign
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Santos pushes to merge with Oil Search
Santos has confirmed it has submitted a proposal to Oil Search for a possible merge of the two companies. At the end of last month Santos submitted a confidential,
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Rise in PNG COVID-19 cases causes hassles for Oil Search
Oil Search managing director Keiran Wulff has described that last quarter as stable, despite rapidly growing COVID-19 cases impacting Papua New Guinea (PNG).
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Santos bolsters future with reserves growth
Santos has reported proved plus probable (2P) reserves of 933 million barrels of oil equivalent (mmboe) at the end of 2020, marking an increase of 34 mmboe before production.
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Kumul awards PNG contract to Chiyoda
Chiyoda Corp has secured a design, development and engineering contract with Kumul Petroleum (KPHL) for a floating, storage, re-gasification and power generation (FSRP) facility in Papua New Guinea. The
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