Oil Search closes Alaska entry

OIL Search has officially planted its flag in Alaska, with the finalising of its deal to buy into several highly prospective areas with privately-owned companies Armstrong Energy and GMT Exploration.

Oil Search closes Alaska entry Oil Search closes Alaska entry Oil Search closes Alaska entry Oil Search closes Alaska entry Oil Search closes Alaska entry

Oil Search's Peter Botten is excited to be moving into Alaska

The deal, announced on November 1, closed yesterday and gives Oil Search access to what could be the largest discovery in the US since the Prudhoe Bay oil field in 1968.
It gives Oil Search a 25.