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Oil Search Completes the Alaska North Slope Acquisition

15 Feb 2018  |  10:12:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Oil Search completes the Alaska North Slope acquisition

Oil Search advised that its acquisition of a 25.5% interest in the Pikka Unit and adjacent exploration acreage and a 37.5% interest in the Horseshoe Block in the Alaska North Slope from privately-owned companies Armstrong Energy and GMT Exploration Company, announced on 1 November 2017, was completed on 14 February 2018, following the approval of the transaction by the Committee on Foreign Investment in the US. The acquisition cost of US$400m was paid from the Company's existing cash balances.

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