Santos
(ASX:STO) has today announced an increase to its operated position across offshore Northern Australia.
Beach Energy and Santos will become 50/50 joint venture partners across four exploration permits in the Bonaparte Basin.
Santos says this alignment of equity and operatorship will allow for a more strategic approach to the next phase of exploration in the region.
The next step for these permits is to evaluate new and existing seismic data to build inventory and define potential targets for drilling within the next few years.
Shares in Santos
(ASX:STO) are trading 1.64 per cent higher to $6.82.
