Peter Coleman

Woodside chief set to talk with PNG's O'Neill

The PNG based energy producer says the offer grossly undervalues it.

Woodside's chief executive, Peter Coleman, is set to hold talks with the PNG Prime Minister Peter O'Neill this week.

The government holds a 10 per cent stake in Oil Search and has significant sway over whether a deal could proceed, given it also owns 17 per cent in PNG's foundation LNG gas project.