21 October 2019
Greenwoods & Herbert Smith Freehills has acted as co-adviser, along with EY, to long term client Santos Limited, on the $2.2billion ($US1.5 billion) acquisition of ConocoPhillips’ northern Australian business. The business includes operating interests in Darwin LNG, Bayu-Undan, Barossa and Poseidon.
Greenwoods provided tax advisory including income tax, PRRT and stamp duty to Santos.
The Greenwoods team was led by Directors Nick Heggart and Cameron Blackwood.
“We are pleased to have assisted Santos on this significant gas asset transaction and to have helped to bring about a positive transaction outcome under tight timeframes” said Cameron Blackwood, Director.
The acquisition is in line with Santos’ core asset growth strategy in long-life, low cost natural gas assets and strategic LNG infrastructure.
Partner, Head of Energy & Resources