Group 1 - The XRG consortium, led by ADNOC, has withdrawn its $18.7 billion acquisition proposal for Australian energy giant Santos [1][3] - The acquisition proposal was initially submitted on June 16, and Santos had agreed to extend the exclusivity period multiple times to facilitate the agreement [3] - Santos' board indicated that the consortium failed to accept reasonable terms to protect shareholder value, particularly regarding regulatory risks and the timeline for transaction completion [3][4] Group 2 - Santos plans to continue executing its established strategy, focusing on low-cost operations to strengthen cash flow [3] - The company expects a 30% increase in production by 2027, driven by the Barossa and Pikka Phase 1 projects, which will enhance free cash flow generation [3] - The chairman of Santos emphasized the company's commitment to generating cash flow, shareholder returns, and reinvestment to maintain infrastructure and expand production [4]
ADNOC旗下财团放弃了这项187亿美元的收购计划 | 航运界