Oil Search Expands from the Tropics to the Arctic

Oil Search Expands from the Tropics to the Arctic

At first glance, it’s hard to imagine why Papua New Guinea-based Oil Search decided to venture into the Arctic after almost ninety years in the tropics. Their acquired assets, which they took operatorship of in March, include a 25.5 percent interest in the Pikka Unit and adjacent exploration acreage and a 37.5 percent interest in the Horseshoe Block.