Exxon’s US$15 Billion Papua New Guinea Gas Project Half Finished
Investing News Network - October 25th, 2011
Fox Business reported that the ExxonMobil Corp.’s (NYSE:XOM) PNG LNG gas-export venture in Papua New uinea is almost 50% completed and continues to be within its US$15 billion budget.
Fox Business reported that the ExxonMobil Corp.’s (NYSE:XOM) PNG LNG gas-export venture in Papua New uinea is almost 50% completed and continues to be within its US$15 billion budget.
As quoted in the market news:
Exxon operates and owns 33.2% of the development, Oil Search owns 29.0% and Australia’s Santos Ltd. (STO.AU) owns 13.5% with the rest split between Nippon Oil, a unit of JX Holdings Inc. (5020.TO), and PNG government and landowner interests.