farmout and alignment agreement with Oil Search Limited (OSL), a Papua New Guinea-based oil and gas exploration company, with an aim to co-operate in the development of natural gas prospects in PNG. NOEX is the wholly-owned upstream subsidiary of Nippon Oil Corporation. With further discoveries and development of gas fields expected in PNG, both companies…
PAPUA NEW GUINEA: Japan’s Nippon Oil acquires exploration licences
Posted on January 29, 2009 by EnergyAsia