Dec 13 (LNGJ) - Australian LNG plant operator Santos has seen its shares debut on the Papua New Guinea National Stock Exchange (PNGX) as one of the biggest oil and gas stocks in the Asia-Pacific region after the completion of the takeover of PNG-based Oil Search.
Santos, based in Adelaide, noted that it had a history of oil and gas activities in the Oceania nation having commenced exploration in PNG in 1987 and production from the SE Gobe field in 1998. Now Santos has emerged as the biggest shareholder in the PNG LNG plant, operated by ExxonMobil, with the combined Santos-Oil Search stakes.
