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Oil Search announces takeover of InterOil for $US2.2b

stander
stander
in Oil, Gas and Energy News

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about 2 hours ago

Papua New Guinea-based oil and gas producer Oil Search has announced it will takeover rival InterOil for $US2.2 billion.


Oil Search said in a separate agreement it would also sell part of InterOil's exploration assets and interests acquired from a petroleum retention licence to French oil and gas giant Total.


http://www.abc.net.au/news/2016-05-20/oil-search-takeover-interoil-for-over-2b/7431756?section=business


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