Jera to buy 12.5% interest in Barossa project
December 8, 2021
Jera, through its Australian subsidiary, agreed to buy from Santos a 12.5% interest in the Barossa project. The closing of the transaction is expected in the first half of 2022. At completion the project shareholding will be as follows: Santos 50%, which remains the operator, SK E&S 37.5% and Jera 12.5%. The project will provide feedgas for Darwin LNG facility following the depletion of Bayu-Undan gas field. First LNG from the project is expected in the first half of 2025.
Edited from Santos press release
