In what could signal the formation of PNG’s first regional oil and gas champion, Oil Search has announced its proposal to acquire 100 per cent of InterOil – in a deal worth approximately K6.5 billion (US$2.2 billion).
The announcement which was made known to the market last Friday is said to be one of the most significant in PNG’s history.
In this episode we take a look at what has transpired so far in regards to this announcement.
Also, Oil Search Managing Director, Peter Botton, joins us to explain further on Oil Search’s acquisition of InterOil and the signing of an MoU with Total.
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