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.
