3 May 2024
ExxonMobil to acquire InterOil for USD 2.5 billion
Publication date: 22 July 2016
Gas Strategies Group
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Having looked likely to fall into the hands of Oil Search, ExxonMobil has emerged triumphant in the race to takeover Papua New Guinea-focused InterOil with a USD 2.5 billion offer.
Oil Search had bid an estimated USD 2.2 billion, but PNG LNG project partner ExxonMobil lodged a more attractive proposal at the end of June.