Australian upstream company Santos Limited will increase its interest in the Stag oil field and acquire new exploration acreage in the Carnarvon Basin through an agreement to acquire Globex Far East Pty Ltd for US$15.8 million. Globex is a wholly owned subsidiary of US-based Marathon Oil Company. The effective date of the acquisition is 1…
AUSTRALIA: Santos to increase interest in Stag oil field
Posted on August 28, 2003 by EnergyAsia