Kumul Petroleum to acquire an additional 2.6% stake in PNG LNG project from Santos.

Synopsis

Kumul Petroleum, Papua New Guinea’s national oil and gas company, offered to acquire an additional 2.6% stake in PNG LNG project from Santos, an Australian oil and gas exploration and production company.

Principals

target

Santos (png Lng Project)

bidder

Kumul Petroleum

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Market Context

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Bidder Team (2)

wapu sonk

Managing Director at KUMUL PETROLEUM

Manager

bidder

Deals

£ 1.31 B

Total Value

john tivey

Partner at White & Case

Lawyer

bidder

Deals

£ 1.24 B

Total Value

Vendor Team (1)

kevin gallaher

Managing Director at SANTOS LTD

Manager

vendor

Deal

n/a

Total Value

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