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Petrel and Tern Fields Divestment

Sector: Energy • Location: Australia

Source: Offshore-Energy

Project
Completed

Santos completed the divestment of its 42.71% interest in the Petrel fields and 100% interest in the Tern fields to Eni Australia in the Bonaparte Basin off the coast of Northern Australia. The sale included cash and contingent consideration and reduced Santos' future decommissioning exposure.

Status
Closed
Sector
Energy
Location
Australia
Updated
22 Jul 2026
Source
Offshore-Energy

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Project Information

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The project “Petrel and Tern Fields Divestment” is an infrastructure initiative in the Energy sector, located in Australia. Taiyo aggregates data on it from Offshore-Energy.

Participants

Not available for this record.

Status

Original status

completed

Taiyo status

Closed

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

Santos completed the divestment of its 42.71% interest in the Petrel fields and 100% interest in the Tern fields to Eni Australia in the Bonaparte Basin off the coast of Northern Australia. The sale included cash and contingent consideration and reduced Santos' future decommissioning exposure.

Original sector

Energy

Location

Country

Australia

Source

Source

Offshore-Energy

URL

More Details

Record type

Project

Article published date

2025-12-19

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