Department of Industry, Science and Resources
Records Pertaining To Calls, Meetings, And Correspondence Between The Office Of The Minister For Resources And Various Companies.
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The disclosure contains correspondence from June 2025 regarding the XRG Consortium's non-binding indicative proposal to acquire Santos, communicated to the Minister for Resources' office. Santos outlined the consortium's intentions to maintain the company as a take-private transaction, preserving the Adelaide headquarters, Australian and international operations, existing management, and continued investment in carbon capture and storage projects. The email identifies required regulatory approvals including FIRB, ASIC, NOPSA, and foreign authorities in Papua New Guinea and the United States. The documents released are Santos' ASX announcement and internal correspondence notifying the Minister's office of the proposed acquisition and its strategic parameters.
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