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Acquisitions and Divestitures News in Papua-New Guinea

Oil Search Farms-in to PPL 474, 475 and 476 and PRL 39
7/17/2018 - Oil Search has expanded its exploration portfolio in the onshore Gulf Basin, PNG. In July 2018, Oil Search executed a farm-in to PPLs 474, 475 and 476 and PRL 39, located adjacent to the Elk-Antelope ...
Response to Notice of Cancellation of PPL 560
5/10/2018 - Rawson Oil and Gas Limited (Rawson) has an interest in Papua New Guinea (PNG) Petroleum Prospecting Licences (PPL) 549 and 560 as well as a number of PPL applications via its 60% ownership share in ...
Oil Search (PNG) Limited Signs Contract with Link PNG
10/30/2017 - Oil Search (PNG) Limited signed a contract with Link PNG Limited (a subsidiary of Air Niugini) for fixed-wing aircraft services both inside and outside Papua New Guinea. Awarded after a competitive t...
Horizon Oil Strengthens Acreage Position in Papua New Guinea
7/18/2017 - Horizon Oil has increased to about 28% its interest in the total certified resources contained in Papua New Guinea’s Western Foreland fields of 2.0 - 2.5 tcf gas and 60 - 70 mmbbl of condensate. The C...
Oil Search to Farm-In to Exxonmobil Acreage in Onshore PNG
5/29/2017 - Oil Search Limited announces that its subsidiary, Oil Search (PNG) Limited, has entered into arrangements regarding the acquisition of a 30% interest in each of PPLs 474, 475, 476, 477 and PRL 39 from...
Santos Farms-In to PNG Exploration License
11/17/2016 - Santos had signed an agreement to farm-in for a 20% interest in Petroleum Prospecting License (PPL) 402 in Papua New Guinea. The interest will be acquired from both Oil Search and ExxonMobil.
Rawson Resources Awarded PPL560 Offshore Papua New Guinea
10/26/2016 - Rawson Resources Limited is very pleased to announce the successful award of Papua New Guinea Petroleum Prospecting Licence (PPL) 560, subject to the Company’s acceptance and normal regulatory require...
Oil Search Acquires Exploration Acreage in Offshore Papuan Gulf
9/12/2016 - Oil Search announces that its subsidiary, Oil Search (PNG) Limited, has entered into agreements with Gini Energy Limited, ultimately owned by CNOOC Limited, to acquire a 40% interest in each of PPL 3...
Rawson Resources Acquires 100% Interest in PPL 391 from Moira
6/30/2016 - Rawson Resources Limited, via its fully owned subsidiary Dondonald Limited (Dondonald), has entered into a Share Purchase Agreement (SPA) for Moira Limited (Moira). Moira currently maintain a 100% wor...
Papua New Guinea Petroleum Prospecting Licence 549 Award Confirmed
6/29/2016 - Rawson Resources Limited is very pleased to announce confirmation of the award of Papua New Guinea Petroleum Prospecting Licence (PPL) 549. The Minister for Petroleum and Energy has signed and issued ...
Kina Petroleum and Heritage Oil to Relinquish PPL 337
3/24/2016 - Kina Petroleum (KPL) has provided an update in respect of the PPL 337 exploration licence. During 2015, KPL were fully carried by Heritage Oil to drill two wells in PPL 337: Raintree-1 and Kwila-1. Wh...
Papua LNG Project Operator Transition to Total Complete
8/3/2015 - Oil Search advises that Total E&P PNG Limited (Total) has become operator of the PRL 15 Joint Venture, including the Papua LNG Project, effective from 1 August 2015. This follows the unanimous vote by...
InterOil & Total Close Elk-Antelope Transaction
3/26/2014 - InterOil Corporation have closed a revised sales and purchase agreement covering the Elk-Antelope gas field in Petroleum Retention Licence 15 in Papua New Guinea. ...
InterOil Acquires Minority Interests In PRL15
3/26/2014 - InterOil Corporation has completed the acquisition of an additional 1.0536% participating interest in Petroleum Retention License 15. The consideration for the interests was $41.53m , satisfied by the...
Oil Search Plans Big Acquisition
2/25/2014 - Oil Search was close to sealing a significant acquisition, sparking speculation it had reached a deal to buy into rival InterOil's gas fields in Papua New Guinea. ...
NGE to Sell 50% Interest in PPL 269 for up to $40m
2/13/2014 - New Guinea Energy Ltd is pleased to announce that NGE and its wholly owned subsidiary, Kirkland Limited (Kirkland) have signed an agreement with a subsidiary of Santos Limited, Barracuda Limited (Sant...
PNG Petroleum Provides a Project Update
1/6/2014 - UMC Energy advises that following an application by its 30% associate Gini Energy Limited (Gini), the Papua New Guinea Department of Petroleum and Energy has varied the minimum work conditions of the ...
Kina Awarded 25% Interest in PRL 38 Offshore PNG
12/23/2013 - Kina Petroleum Limited has been awarded a 25% interest in the newly released Petroleum Retention Licence 38 (PRL 38), located offshore Papua New Guinea. ...
InterOil Selects Total SA for PNG Gas Development
12/5/2013 - InterOil Corporation has agreed to sell to Total S.A a gross 61.3% interest in Petroleum Retention License 15 (“PRL15”) which contains the Elk-Antelope gas fields in the Gulf Province of Papua New Gui...
Eaglewood Energy Executes Stanley Unitisation Agreement
12/4/2013 - Eaglewood Energy Inc is pleased to announce that it has executed a Unitisation Agreement with the PRL-4 (Stanley Field) Joint Venture, whereby Eaglewood will formally become a participant in the Stanl...

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