Santos bid

The Marshall Liberal Government has spoken with Harbour Energy regarding its bid for South Australian oil and gas company Santos, and impressed upon them the need to retain the head office in South Australia.

“Premier Steven Marshall has impressed upon senior representatives of Harbour Energy the importance of retaining the head office in Adelaide and growing resource jobs in South Australia,” said Minister for Energy and Mining Dan van Holst Pellekaan.

“The Premier’s priorities were received positively by Harbour Energy.

“Increasing investment in SA, growing jobs in the state’s resources sector, and keeping the head office in SA are all important aspects of this bid.”

The Santos Board will now consider the bid from Harbour Energy.

Any change to Santos’ ownership structure will need to pass all relevant regulatory procedures.

Ultimately, should the bid proceed the decision will be made by Santos’ shareholders.

In 2007 the Rann Labor Government repealed legislation restricting any one shareholders from owning more than 15 per cent of Santos’ shares.

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