Companies & Finance

Santos to acquire Quadrant Energy

Santos will acquire Quadrant Energy for $2.15 billion.
By Staff reporter 22 August 2018 0 32258

Australia’s Santos will acquire Western Australian gas supplier Quadrant Energy for $2.15 billion plus contingent payments related to the Bedout Basin, Santos announced on Wednesday.

Quadrant is one of the largest and most active oil and gas companies in Australia, producing around 22% of Western Australia’s gas output in 2017.