completed its takeover

Exxon completes InterOil takeover

ExxonMobil Managing Director, Andrew Barry, revealed this yesterday during the Inaugural Petroleum and Energy Summit in Port Moresby.

Today marks seven days since the unanimous decision by InterOil shareholders to agree to revised terms for the takeover arrangement with ExxonMobil to go ahead.

Barry said the acquisition will enhance their position and bolster their business in the country.

“It’s a very new resource and a very exciting time for us in the country,” he said.