ConocoPhillips (COP +1.5%) and Australia's Santos Ltd. sell minority stakes in the Caldita and...

|About: ConocoPhillips (COP)|By:, SA News Editor

ConocoPhillips (COP +1.5%) and Australia's Santos Ltd. sell minority stakes in the Caldita and Barossa gas discoveries offshore Australia for up to $520M to South Korea's SK Group, moving a step closer a possible expansion of the operational liquefied natural gas export plant at Darwin. Santos recently has been the subject of takeover chatter.