Santos strengthens PNG growth with farm-in to Aure Fold Belt


ADELAIDE, Australia -- Santos has announced it will acquire a 20% equity in the PPL 339 licence in Papua New Guinea via a farm-in agreement with Kina Petroleum Limited.

The license is located within the Aure Fold Belt, southeast of Elk/Antelope fields in an area with active natural seeps and represents Santos’ first entry into this new play in PNG.

The farm-in is subject to customary government and joint venture partner approvals.


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