5 May 2024
PNG court approves Santos, Oil Search merger
Publication date: 10 December 2021
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[1] Santos has announced that its merger with Oil Search is now effective following approvals by Oil Search shareholders and the National Court of Papua New Guinea (PNG). The merger means that Santos’ stake in the ExxonMobil-operated PNG LNG project is set to increase to 42.5%, up from 13.5% previously, thus becoming the largest shareholder in the project despite previous concerns expressed by the government...