Oil Search's PNG project financed

Co-venturers raise an extra $US1.5 billion for a LNG project cost increase.

Oil Search's (OSH) co-venturer in a Papua New Guinea liquefied natural gas project, Exxon Mobil, has completed financing arrangements.

In a statement to the Australian Securities Exchange, the energy group said Exxon subsidiary Esso Highlands has raised $US1.5 billion ($1.6 billion) of supplemental project financing, taking the total project financing facility to $US15.5 billion.

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