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Santos agrees PNG gas deal with Exxon
2015-07-08 13:02:32| Oil & Gas - Topix.net
Santos is close to finalising a deal with energy giant ExxonMobil Corporation to acquire a stake in the P'nyang gas field in Papua New Guinea, as the joint venture partners eye a lucrative expansion of the $US19 billion PNG LNG venture. The Adelaide-based oil and gas producer is understood to have concluded talks with Exxon, the operator of PNG LNG, over taking a 10 per cent to 15 per cent stake in the field alongside partners Exxon, Oil Search and JX Nippon, according to sources close to the deal.
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Category:Energy and Environment