Eni and Santos have signed a non-binding memorandum of understanding (MoU) to cooperate on opportunities in northern Australia and Timor-Leste, according to Eni's press release.

Australian Santos Company announced that it had signed a binding long-term LNG Supply and Purchase Agreement (SPA) with Diamond Gas International Pte Ltd (DGI) company which is subsidiary of Mitsubishi Corporation of LNG supply from the Barossa project.

Petrobras has announced the discovery of good quality oil in the third well drilled in the Santos Basin pre-salt cluster's Sul de Guara region. According to the Rights Transfer contract, Petrobras is entitled to produce up to 319 million barrels of oil equivalent in this area.