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Santos Offers First Bayu Undan Condensate Cargo

June 16, 2020

Bayu Undan - Credit: ConocoPhillips Australia
Bayu Undan - Credit: ConocoPhillips Australia

Australian oil and gas producer Santos has offered its first-ever Bayu Undan condensate cargo via a tender for loading in August, two sources with knowledge of the matter said.

The 650,000-barrel cargo is scheduled to load on Aug. 8-12. The tender will close on June 17 with bids valid until June 18.

Santos increased its stake in the Bayu Undan gas field in the Timor Sea, part of a $1.265 billion deal with ConocoPhillips that was completed in May.

(Reporting by Florence Tan, editing by Louise Heavens)



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