OIL Search managing director Peter Botten has revealed plans to raise around $US750 million in debt financing to fund the companys share of development costs for the $US2.5 billion ($A3.3 billion) PNG Gas project.
“The financing memorandum for the project was released to potential lenders and the initial feedback from them demonstrates a strong interest in providing highly competitive funding for this project,”
From early beginnings in 1929, Oil Search has grown to become PNG's largest oil and gas company
UBS, Norton Rose could be banned from PNG
Funding oil, gas harder since COP26
Oil Search: more questions than answers
PNG could be loser in Santos deal
