One-Page Deal Sheet
Santos Acquires Aussie E&P Quadrant in $2.8B Deal
Santos Limited Quadrant Energy Australia Limited
Announced Date
August 22,2018
Effective Date
January 01,2018
Close Date
November 27,2018
Transaction Type
Corporate
Enterprise Value (EV)($MM)
2150
Asset/Basin:
{"Carnarvon Basin","Bedout Basin"}
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Austral-Asia
Country
Australia
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Santos has signed a deal to acquire Australia-focused company Quadrant Energy in a deal worth $2.8 billion.
Quadrant Portfolio Overview 52,000 km2 of acreage (12,849,480 net acres), predominantly in the Carnarvon Basin offshore West Australia, Australia’s largest offshore oil and natural gas province. Production from the assets in 2017 was 19 MMBOE 2P reserves at the end of 2017 were 220 MMBOE (~75% developed). Transaction MetricsUnder the agreement, Santos will acquire 100% of Quadrant for consideration comprising an upfront payment at completion and potential future contingent…
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