Exploration & Production

Santos looking at ways to up stake in Mahalo CBM project

Australia’s Santos may be looking to acquire Comet Ridge, its joint venture partner in the Mahalo CBM project in Queensland
By Staff reporter 29 June 2018 0 31532

Australia’s Santos may be looking to acquire Comet Ridge, its joint venture partner in the Mahalo CBM project in Queensland, The Australian reported on Thursday.

Santos is speculated to be in talks to buy out Comet Ridge and third partner Australia Pacific LNG from Mahalo, but could consider acquiring Comet Ridge outright as most of the company’s A$247 million (US$182.5 million) value is tied to the project.