27 Oct 2006

PNG's Oil Search Ltd joins expected to bid round for 15 prospecting blocks

10:46 am on 27 October 2006

Oil Search Ltd is expected to join in the bid round for 15 prospecting blocks off Papua New Guinea's Gulf of Papua and Papuan Plateau.

The Papua New Guinea Government is holding its first offshore acreage release, with 15 blocks on offer.

Block bids are required by April 13, 2007.

Oil Search Ltd is the country's major energy company.