OilSearch

APEC Haus to be iconic landmark

The prediction was made by Minister for Sports, APEC, and National Events, Justin Tkatchenko, during the ground breaking ceremony today.

Tkatchenko said the unique design of the facility, which resembles a Lagatoi Sail, would rival iconic world sites.

“When you see it from the air, or when you see it from the land or when you see it from a post card or on tv, or on the internet or  facebook, you will symbolise and recognise it as Port Moresby, Papua New Guinea.”

“Just like the Sydney Opera House is to Australia,” said Tkatchenko.

Oil giants to start talks on cooperation in LNG development

This will follow once ExxonMobil’s entry into the PRL 15 Joint Venture has been confirmed once its bid and acquisition of InterOil is completed.

OilSearch announced in a media release that ExxonMobil’s entry into the PRL 15 Joint Venture underscored the potential value that would be created by cooperation.

This would position OilSearch to benefit from a cooperative development, given its material interests in all the key gas resources, including PRL 3(38.5%), PRL 15 (23%) and the PNG LNG Project (29%).