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Why Did XRG Consortium Withdraw Its $5.6 Billion Santos Bid?
8:25am on Thursday 18th of September, 2025 AEST
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Energy
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Why Did XRG Consortium Withdraw Its $5.6 Billion Santos Bid?
8:25am on Thursday 18th of September, 2025 AEST
Key Points
XRG Consortium withdraws non-binding acquisition proposal for Santos
Disagreements over regulatory risk and transaction timeframe cited
Santos highlights strong operational strategy and upcoming production growth
Major projects Barossa and Pikka phase 1 expected to increase output by 30% by 2027
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