Farm-in arrangement

OSL aims for interest in ExxonMobil licenses

In a statement, Oil Search Limited announced that it has entered in an arrangement for the acquisition of a 30 percent interest in PPL’s 474, 475, 476, 477  and PRL 39.

The licenses were acquired by ExxonMobil when it completed its purchase and takeover of InterOil early this year.

As part of the proposed farm-in arrangements, Oil Search will undertake a seismic acquisition program over the licenses over the remainder of 2017 and into early 2018, on behalf of the operator, ExxonMobil.