Australia's third- biggest oil and gas producer, Santos Inc. is seeking partners to take stakes in two deepwater exploration permits off India's east coast. The Adelaide-based company owns 100 percent of the two licenses and in need to reduce risks as it proceeds towards drilling.
Santos during the bid to win the permit has committed itself as the operator for the permits to carry out seismic surveys and drilling of exploration wells. Santos anticipated of spending $70 million over eight years on exploration in India covering about 16,500 square kilometers establishing its root in India.
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