Oil Search in trading halt

Oil Search has gone into a trading halt pending the announcement of a material acquisition.

Oil and gas producer Oil Search has gone into a trading halt ahead of an acquisition announcement. (AAP)

Oil Search has gone into a trading halt ahead of an acquisition announcement.

The Papua New Guinea-based (PNG) oil and gas producer is due to release its full year financial results on Tuesday.

Oil Search has been considering taking a $1.2 billion 20 per cent stake in a joint venture with InterOil and French giant Total SA to develop the Elk and Antelope gas fields in PNG.