Medco

Asia

Global interest expected in Santos Dorado sale

Santos is seeking buyers for a 20-30% stake in its large Dorado oil project and Bedout exploration portfolio offshore western Australia estimated to be worth up to $200 million. Significantly, there is expected to be global interest in the sales process, which could be particularly appealing for Asian national oil companies (NOCs).

Markets

Ophir agrees £390m takeover

Ophir Energy has agreed to a takeover by Indonesia's Medco in a deal that values the London-listed company at £390 million.