In October 2007, Santos acquired from Cairn Energy PLC a 37.5% interest in the Sangu Development Area and a 50% interest in Block 16 exploration acreage, located in the Bay of Bengal, Bangladesh.
In December 2010, Santos acquired the remainder of Cairn's interests in Bangladesh, and became operator of the acreage.
Current equity is as follows:
- Block 16 Sangu: Santos 100%
- Block 16 Exploration: Santos 100%
Santos commenced an extensive exploration, appraisal and development program in September 2011 to increase gas supply through the Sangu facility to the Chittagong gas market.
Download Bangladesh location map (173 KB)