OSH oil search limited
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News: OSH Australia's Oil Search to buy oil assets in Alaska for $400 mln

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    01/11/17
    09:55
    Post #: 28382262

    Nov 1 (Reuters) - Australian oil and gas explorer Oil Search (OSH) said on Wednesday it will buy stakes in oil assets in Alaska for $400 million from privately-owned Armstrong Energy LLC and GMT Exploration Company LLC.

    The deal gives Oil Search stakes of 25.5 percent, 37.5 percent and 37.5 percent in three crude oil fields in the Alaska North Slope, with the option of increasing Oil Search's stake, the company said in a statement.

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