Oil Search has recently signed for a 50.07% interest from sole holder ExxonMobil in PPL 569, 150,085 sq km on the Eastern Plateau in WD up to 5,000m. The deal is yet to be approved by the authorities. PPL 569 commitments call for 1,000 sq km of 3D seismic by late 2020.
Oil Search is acquiring a 50.07% interest in PPL 569 from ExxonMobil (->49,93%) with details of the transaction undisclosed. 