Oil Search farms down, increases stake in PNG permits

OIL Search has cut back its interest in four exploration licences in Papua New Guinea while at the same time acquiring an interest in two separate licences in PNG.

Oil Search farms down, increases stake in PNG permits Oil Search farms down, increases stake in PNG permits Oil Search farms down, increases stake in PNG permits Oil Search farms down, increases stake in PNG permits Oil Search farms down, increases stake in PNG permits

Japan's Nippon Oil Corporation, which acquired AGL Energy's interest in the PNG liquefied nature gas project last year, has take up 10-20% of Oil Search's interest in PPLs 219, 234, 239 and 244.

loader
  • NEW: Digital version of PNG Report magazine - View here
  • Porgera: Barrick-PNG talks go on - Read more
  • Follow the companies investing in the PNG market - Read more