Oil Search gives top priority to LNG Project

Updated March 19, 2008 15:48:59

Papua New Guinea's biggest company, Oil Search, says delivering its $US10 billion Liquid Natural Gas project is its highest priority for the next 5 years. Oil Search is a key partner in the ExxonMobil-led project - which independent economic experts say could double PNG's gross domestic product and create an income stream for government and landowners of $US31 billion over the next three decades. Oil Search Managing Director, Peter Botton, briefed brokers and journalists on the results of his company's 5-year strategic review in the eastern Australian city of Sydney.

Presenter: Jemima Garrett
Speaker: Peter Botton, Managing Director of Oil Search

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