Acquisitions and Divestitures News in Papua-New Guinea
| 11/4/2024 - Further to the announcements of 29 December 2023 and 1 February 2024, Santos is pleased to announce completion of the sale of a 2.6 per cent interest in PNG LNG to Kumul Petroleum Holdings Limited (Ku... |
| 5/29/2024 - MRDC and Twinza are pleased to announce that they have executed agreements for: MRDC to acquire an up to 50% Participating Interest in Twinza’s Pasca A Project, and MRDC and Twinza to coop... |
| 1/31/2024 - Santos refers to its 29 December 2023 announcement for the sale of 2.6 per cent of PNG LNG to Kumul Petroleum Holdings Limited (Kumul). Santos and Kumul have agreed an amendment to the Sale... |
| 12/29/2023 - Santos is pleased to confirm that further to the announcement on 31 August 2023 for the sale of 2.6 per cent of PNG LNG to Kumul Petroleum Holdings Limited (Kumul),
funding for the transaction has b... |
| 9/1/2023 - Santos is pleased to announce it has executed a binding sale agreement to deliver Kumul Petroleum Holdings Limited (Kumul) a 2.6 per cent participating interest in PNG LNG for a total purchase conside... |
| 6/2/2023 - JX Nippon Oil & Gas Exploration Corporation (President: Toshiya Nakahara) is pleased to announce
that its wholly owned subsidiary, JX Nippon Oil & Gas Exploration (Papua LNG) Pty Ltd (President:
Hid... |
| 5/1/2023 - Santos refers to its announcement of 27 September 2022 regarding the binding conditional offer from Kumul Petroleum Holdings Limited (Kumul) to acquire a five per cent interest in PNG LNG for asset va... |
| 12/23/2022 - Santos refers to its announcement of 27 September 2022 that it had received a binding conditional offer from Kumul Petroleum Holdings Limited (Kumul) to acquire a five per cent interest in PNG LNG for... |
| 9/27/2022 - Santos advises it has received a binding conditional offer from Kumul Petroleum Holdings Limited (Kumul) to acquire a 5 per cent project interest in PNG LNG for asset value of US$1.4 billion, includin... |
| 9/30/2021 - Oil Search Limited ("Oil Search") announces that it has reached a commercial agreement with its joint venture
partners in the PNG LNG project regarding the redetermination of participating interests.... |
| 9/3/2021 - Kumul Petroleum Holdings Limited (Kumul Petroleum) welcomes the government’s decision to award a fourth Petroleum Retention License (PRL) to the national oil and gas company (NOC). This decision comes... |
| 10/27/2020 - Horizon Oil has agreed to sell all of the shares in its wholly owned subsidiary Horizon Oil (PNG Holdings) to Arran Energy Investments, resulting in the transfer of its entire asset portfolio in Papua... |
| 6/9/2020 - Horizon Oil Limited advises that its investigation into Horizon's payment to acquire an interest in Petroleum Retention Licence 21 [PRL 21] in the Western Province of Papua New Guinea [PNG] in 2011 ha... |
| 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 ... |
| 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 ... |
| 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... |
| 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... |
| 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... |
| 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. |
| 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... |
