POLICY

Lakes looking back to PNG

LAKES Oil has extended its dormant Papua New Guinea license by another three years to 2025 and hopes to find a farminee to develop and commercialise its large Buna target.

Petroleum minister Kerenga Kua

Petroleum minister Kerenga Kua

The PNG petroleum minister Kerenga Kua has approved the extension of Petroleum Prospecting License 560 to compensate Lakes for time lost in lengthy legal proceedings that finally ended in Lakes' favour. ...

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