Santos takeover praised

THE smooth takeover of Oil Search by Santos has come in for praise by the PNG Extractive Industries Transparency Initiative.

Staff Reporter

The PNGEITI said Papua New Guinea demonstrated an "independent and vibrant regulatory environment" during the merger process, which was finalised on December 17.
PNGEITI national secretariat head Lucas Alkan said the smooth transition indicated that businesses could operate free of undue control and influence.
The new entity is now listed on the Australian Securities Exchange.