Petromin wins PNG back-in rights

Papua New Guinea's Petroleum Minister said today he has awarded national energy company Petromin the free back-in rights to nine oil and gas retention leases in a bid to get a new field development project going.

Back-in rights: Papua New Guinea's government is eager to see more oil and gas development.
Back-in rights: Papua New Guinea's government is eager to see more oil and gas development.
Published 1 December 2011, 02:37Updated 11 October 2016, 08:07
Asia & Oceania