Nov 17 (Reuters) - Santos Ltd (STO) : Santos farms-in to PNG...

Nov 17 (Reuters) - Santos Ltd (STO) :

• Santos farms-in to PNG exploration licence
• Interest will be acquired from both Oil Search and ExxonMobil
• "Is expected to have a mean gas resource of approximately 2 TCF at a proposed depth of approximately 3,450 metres"
• Signed an agreement to farm-in for a 20% interest in petroleum prospecting licence (ppl) 402 in papua new guinea
• Post farm-in, PPL 402 participants will be affiliates of Santos (20%), affiliates of ExxonMobil (42.5%) and Oil Search
• Farm-in results in Santos' participation in recently spudded Muruk 1 exploration well