Santos Sells Stake in Bentu and Korinci-Baru PSCs

Santos has sold the subsidiaries holding its 61.1% operated interests in the Bentu and Korinci-Baru Production Sharing Contracts in Central Sumatra, Indonesia. Divestiture of these subsidiaries is in line with company strategy of focusing its Indonesian activities in East Java.

Santos has accepted offers from Asian Worldwide Group Ltd for the Bentu subsidiary and Global Overseas Enterprise Ltd for the Korinci Baru subsidiary. Relevant government approvals for the sale are in place.