MARKETS

Eyebrows raised over Alaska deal

ANALYSTS are sceptical about Oil Search’s foray into Alaska, with Citi calling it “value decretive” and Macquarie saying it may need to farm down to reduce balance sheet risk.

Eyebrows raised over Alaska deal

Oil Search yesterday announced the acquisition of the 500 million barrel oil discovery Nanushuk and exploration acreage in the Alaska North Slope for US$400 million (A$518.55 million), with the option...

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