Petromin takes control of Eda Oil

THE PNG Government has transferred Eda Oil, which holds a stake in the producing Moran oil field, from the Mineral Resource Development Company to state-owned resources company Petromin.

Petromin takes control of Eda Oil Petromin takes control of Eda Oil Petromin takes control of Eda Oil Petromin takes control of Eda Oil Petromin takes control of Eda Oil

Petromin, which was incorporated under PNG's Company's Act, paid MRDC 40 million kina ($US13.7 million) for Eda.

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