Woodside Petroleum has moved to dismiss reports claiming the Australian company had no intention of adjusting its US$8.3 billion offer for Papua New Guinea-based Oil Search.
Woodside noted a report by Dow Jones on Monday which claimed Woodside chief executive Peter Coleman said the company had no intention of adjusting its bid as the proposal was “fair and fully priced”.
“Mr Coleman did say that Woodside's proposal was 'fair and fully priced' but did not make the remainder of the statement,” Woodside said in a statement on Tuesday.
Oil
