Santos completed the acquisition of stake in Bayu-Undan, Darwin LNG, and Barossa Project, from ConocoPhillips for $1.3bn.

Santos, an Australian energy company, completed the acquisition of stake in Bayu-Undan, a gas-condensate field, Darwin liquefied natural gas facility and Barossa Project, a gas and light condensate field, from ConocoPhillips, an independent exploration and production company, for $1.3bn. "As a foundation partner in Bayu-Undan and Darwin LNG, and an existing partner in Barossa, we know these assets well. We are delighted to assume operatorship and continue to progress the Barossa project so that a final investment decision can be made when market conditions permit," Kevin Gallagher Santos Managing Director and CEO.