Santos Limited

Santos-OSL Merger Commended

Kumul Petroleum Managing Director, Wapu Sonk congratulated both industry leaders for a smooth and successful completion of the merger. He lauded the companies on behalf of the Board and Trustee Shareholder, who is the Prime Minister and the 8 million-plus Papua New Guinean shareholders of Kumul Petroleum.

“Santos being a regional industry player and leader with a strong balance sheet to have expressed strong interest in PNG speaks volume for industry confidence in itself.

ICCC Gives Nod For Oil Search Merger

ICCC Commissioner and CEO, Paulus Ain said after taking into consideration Santos’ authorization application and submissions including comments from relevant stakeholders and available market information. ICCC notes that the acquisition of Oil Search by Santos will not seriously harm competition in any markets in PNG.