Santos’ Middle Eastern bidder wants to acquire all of the oil and gas producer, not just its lucrative LNG business, to support energy security in the region, dousing speculation that the buying consortium may seek to split up the assets.
The group’s proposal was “to acquire 100 per cent of Santos”, said a spokesman for the consortium led by XRG, the overseas investment arm of Abu Dhabi National Oil Company, in its first public statement since the $36.4 billion bid was revealed on Monday.
![“We’re having a birthday party for [daughter] Rada in a few weeks and we’re going to get the truck to come, which is a real flex,” O’Neill says.](https://static.ffx.io/images/$zoom_0.7012%2C$multiply_2%2C$ratio_1.777778%2C$width_1059%2C$x_732%2C$y_641/t_crop_custom/c_scale%2Cw_600%2Cq_52%2Cf_auto/b5e4395344f07ccd1e3a348af02af77c8eeb8d1b)
