Santos looks to sell key stakes offshore Australia

摘要

AUSTRALIAN independent Santos aims to sell off stakes in key domestic offshore assets, including in its Dorado oil and gas project in Western Australia. The company is aiming to sell off a stake of between 20% and 30% in Dorado and the nearby Bedout sub-basin exploration portfolio, Reuters reported, citing a sales document and a later confirmation from Santos. The news wire also said Santos is considering selling off its entire stake in the Van Gogh oilfield and a stake in the Pyrenees oilfield, also offshore Australia. Santos, led by chief executive Kevin Gallagher, holds an 80% stake in Dorado and is partnered by compatriot player Carnarvon Petroleum on 20%.