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Allens advises Santos on Darwin LNG and Bayu-Undan sale
Allens has advised Santos Limited on the sale to SK E&S of a 25 per cent interest in the Darwin LNG facility and the Bayu-Undan gas fieldUS$390 million. The completion of the sale was announced by Santos on 30 April 2021.
The transaction is the most recent stage in Santos’ strategic alignment of interests in the Barossa Project – the final investment decision for which was announced on 30 March 2021 – and Darwin LNG. It also follows Santos’ acquisition of ConocoPhillips’ northern Australian assets, completed in May 2020, on which Allens also advised.
‘We congratulate Santos on this important sale, which brings them another step closer to bringing Barossa gas into production through the Darwin LNG facilities,’ said lead Partner Igor Bogdanich.
Whitebark Energy appoints interim CEO to progress acquisition of Wizard Lake Oil Field and plan for its future
The company is encouraged by Dr Simon Brealey’s oil and gas reputation and his ability to find, review, and see through to development unconventional assets in numerous global locations. The new appointment has more than 30 years of experience in onshore and unconventional oil and gas asset exploration and development.
Whitebark Energy Ltd (ASX:WBE) has appointed Dr Simon Brealey to the role of interim chief executive officer (CEO) to assist in progressing the acquisition of Wizard Lake Oil Field in Canada through a bid for Saltbush Energy.