Oil Search confirms project sanction decision delay

OIL Search has confirmed it will not be able to meet its original target of mid-2006 for final sanction of the PNG-Australia gas pipeline project.

Oil Search confirms project sanction decision delay Oil Search confirms project sanction decision delay Oil Search confirms project sanction decision delay Oil Search confirms project sanction decision delay Oil Search confirms project sanction decision delay

“Our original timetable was too aggressive and we are now targeting the second half of 2006,” Oil Search PNG development manager Richard Robinson told the annual South-East Asia Australia Offshore

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