Affiliates of Papua New Guinea-based Oil Search took the case to the International Chamber of Commerce arbitration panel arguing it had pre-emptive rights over the share sale and purchase agreement InterOil sealed with the Paris-headquartered oil major.
Oil Search bought Pacific LNG's 22.8% interest in the field in March 2014 for $900 million while later in the same month, Total finalised a deal to acquire 40.1%
