PNG hits Santos with log of claims over Oil Search merger

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 17 & 22 : 6-Aug-21

The proposed merger between Santos and Oil Search would have to be in Papua New Guinea’s national interest, says Prime Minister James Marape. He has outlined a number of conditions that may have to be met for his government to approve the deal. They include a commitment to retaining corporate offices in PNG and to continue to employ and train PNG nationals. Saul Kavonic of Credit Suisse says the PNG government may seek to leverage its veto power to secure a better merger deal.

CORPORATES
SANTOS LIMITED – ASX STO, OIL SEARCH LIMITED – ASX OSH, PAPUA NEW GUINEA. OFFICE OF THE PRIME MINISTER, CREDIT SUISSE (AUSTRALIA) LIMITED

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