Oil Search bets on overcoming price rout in Papua New Guinea

June 9, 2016

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Oil Search, the energy producer that agreed to acquire fellow Papua New Guinea explorer InterOil for $2.2-billion, is betting it can overcome a languishing liquefied natural gas market to deliver another export project by beating rivals on costs.
The company expects its deal last month to buy up and divide InterOil’s assets with Paris-based Total SA will pave the way for cooperation between its partners at the Pacific nation’s two separate LNG ventures

Category: General