6 Apr 2012

Strong interest in PNG drilling

10:39 am on 6 April 2012

The Papua New Guinea company, Oil Search, says its massive drilling activities in the Gulf of Papua are attracting strong interest from major energy companies seeking to be a part of the project.

Oil Search will spend more than 2 point 2 billion US dollars this year on the largest drilling program in its history - the PNG liquefied natural gas development.

The company has announced a profit for 2011 of 201 million US dollars, up nine per cent on 2010.