The deal would create a global top 20 oil and gas company and make Santos the largest shareholder in PNG's biggest resource project, the PNG LNG project, run by ExxonMobil.
The buyout still needs approval from PNG's competition watchdog and national court. If all approvals are received, the deal will take effect Friday, which will be the last day of trading in Oil Search shares in Australia and PNG, the company said.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/07122021/oil-search-receives-shareholder-approval-for-buyout-by-santos/
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