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Oil Search in talks over Santos PNG deal

2015-06-10 13:07:33| Oil & Gas - Topix.net

Oil Search may sell down part of its stake in the P'nyang gas field in Papua New Guinea to Santos in a move that will give the Adelaide-based company a more lucrative role in a planned expansion of the $US19 billion PNG LNG venture. Santos, which already holds a 13.5 per cent stake in PNG LNG, said in May it was working on a potential deal that would give it a stake in the P'nyang gas field alongside existing partners ExxonMobil, Oil Search and JX Nippon, while declining to reveal any specific details.

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