Market debates whether Abu Dhabi will help or hinder Santos' ambitions
To some, Santos' prosperous Abu Dhabi-led suitors are the answer to a domestic energy security problem, with the cash to splash on gas developments from Narrabri in NSW to Beetaloo in the Northern Territory.
To others, the $36.4 billion bid by a consortium led by the Abu Dhabi National Oil Company's XRG investment arm could mean less investment in local gas fields, which will be at the whim of an OPEC cartel member.
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Market debates whether Abu Dhabi will help or hinder Santos' ambitions
To some, Santos' prosperous Abu Dhabi-led suitors are the answer to a domestic energy security problem, with the cash to splash on gas developments from Narrabri in NSW to Beetaloo in the Northern Territory. To others, the $36.4 billion bid by a consortium led by the Abu Dhabi National Oil Company's XRG investment arm could mean less investment in local gas fields, which will be at the whim of an OPEC cartel member.
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