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.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

Related Articles