Oil Search quells PNG investor anxiety after Porgera cancellation

AFTER the Papua New Guinea government announced last month it would not renew Barrick Gold’s Porgera mine project licence in Enga Province, anxiety has been growing oil and gas projects in the country might meet the same fate.

Oil Search quells PNG investor anxiety after Porgera cancellation Oil Search quells PNG investor anxiety after Porgera cancellation Oil Search quells PNG investor anxiety after Porgera cancellation Oil Search quells PNG investor anxiety after Porgera cancellation Oil Search quells PNG investor anxiety after Porgera cancellation

“No reason to believe” P’nyang licence will be cancelled

 

During Oil Search's virtual Annual General Meeting last week, company chairman Rick Lee reassured nervous investors about the stalled P'nyang gas agreement and talks between the government and