Woodside makes offer to merge with Oil Search

Offshore staff

PERTH, Australia Woodside has offered to Oil Search Ltd. a proposal to merge under the Papua New Guinea Companies Act.

The proposal would give Oil Search a “script consideration” of 0.25 Woodside shares per each Oil Search share held.

The proposal is subject to Papua New Guinea regulatory approval following due diligence and other customary conditions.

09/08/2015

 

Share your news with Offshore at news@offshore-mag.com

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...