Woodside Energy, Santos Confirm Preliminary Talks Regarding Potential Merger

(RTTNews) - Woodside Energy Group Ltd confirmed the Group is in talks regarding a potential merger with Santos Ltd. Woodside said it will continue to update the market in accordance with its continuous disclosure obligations.

Separately, Santos also confirmed preliminary talks with Woodside regarding a potential merger. Concurrently, the company is assessing a range of alternative structural options, Santos said.

The South Australia Northern Territory Oil Search, or Santos, is a global energy company with operations across Australia, Papua New Guinea, Timor-Leste and the United States. Santos is an important Australian domestic gas supplier and LNG supplier in Asia.