PNG

Oil Search expands into Elk-Antelope

OIL Search has positioned itself for expansion with the acquisition of a 22.8% interest in the Elk-Antelope gas discovery in Papua New Guinea, funded through the placement of 149.9 million shares to the PNG government.

Oil Search expands into Elk-Antelope

The company said it would gain the interest through the acquisition of the Pac LNG Group Companies for $US900 million ($A1 billion), providing Oil Search with a strategic interest in the largest underdeveloped...

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