Santos Completes Acquisition of Oil Search

Friday, December 17, 2021

Australian oil and gas company Santos has informed that the merger of Santos and Oil Search has been implemented.

Santos has acquired 100 percent of the issued capital in Oil Search from Oil Search shareholders.  Oil Search shareholders have been issued 0.6275 new Santos shares for each Oil Search share. 

All of the current directors of Oil Search have resigned, and Dr Eileen Doyle and Musje Werror will join the Santos Board effective from the implementation of Santos' merger with Oil Search on Friday, 17, December 2021. Michael Utsler will join the Board with effect from Santos 2022 Annual General Meeting.

Trading in Oil Search shares on the ASX and PNGX was suspended on Friday, December 10, 2021.

Oil Search has applied to the ASX and PNGX to have the quotation of its shares terminated and for Oil Search to be removed from the official list of the ASX and PNGX, with effect from close of trading on Monday, 20 December 2021.


Categories: Energy Mergers & Acquisitions Industry News Activity Australia/NZ

Related Stories

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

Baker Hughes, Petronas Team Up for Asia-Pacific Energy Resilience

EnQuest Acquires Harbour Energy’s Vietnamese Assets

Santos and QatarEnergy Agree Mid-Term LNG Supply

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Fugro Expands Geotechnical Testing Capabilities in Indonesia

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)

Current News

PTTEP Acquires Southeast Asia’s Offshore Block from Chevron’s Hess Unit for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

China Rolls Out 17MW Floating Wind Turbine Prototype

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

CNOOC Finds Oil and Gas in South China Sea

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com