Santos reduces Bayu-Undan stake after prolonged negotiations
The consortium led by oil and gas producer Santos (ASX:STO) has finally blinked and divested part of its stake in the Bayu-Undan upstream project in favour of Timor-Leste’s state energy company. The news, announced in a statement on Tuesday, followed long, drawn-out negotiations. Some media reports claimed the Timor-Leste government had warned Santos it could […]
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