Santos completes Kipper asset sale

Santos Ltd. has completed the Kipper asset sale that the company announced in November 2015. The transaction involved the sale of Santos’ 35% non-operated interest in the Kipper gas field, located in the Gippsland Basin, offshore Victoria, Australia, to Mitsui E&P Australia Pty Ltd. for $520 million in cash.

Santos advises that it has received the sale proceeds from Mitsui.

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