Oil Search signs deal with PNG on LNG

Oil Search has signed an agreement with Papua New Guinea for the Papua LNG Project, enabling initial work to begin on the development.

Oil Search says the deal will allow it, France's Total SA and Exxon Mobil to start activities related to so-called Front End Engineering and Design (FEED) such as contractor selection.

Papua LNG is led by Total, with Exxon and Oil Search as minority partners.