EXPLORATION

Oil Search shielded from market chaos as it talks with Eni

HAVING already entered into the $US11 billion PNG LNG joint venture with ExxonMobil, debt-free and cash-rich Oil Search is now in talks with Italian oil major Eni SpA to expand its portfolio of discoveries in Papua New Guinea.

Blair Price

Oil Search shielded from market chaos as it talks with Eni

Only two weeks ago Eni signed a deal with Prime Minister Sir Michael Somare in Italy to pave the way for the major to acquire promising unexplored acreage in PNG. Apart from plans to set up an office...

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