Exxon In Talks With InterOil For Papua New Guinea Project

Law360, New York (May 24, 2013, 7:29 PM EDT) -- Exxon Mobil Inc. has teamed up with InterOil Corp. and its joint venture partner, Pacific LNG Group, to develop petroleum and natural gas projects in Papua New Guinea in an effort to boost that country's export capabilities, InterOil announced Friday.

The proposal comes as Canada-based InterOil has intensified its hunt for a Big Oil partner for its $6 billion liquefied natural gas export project in Papua New Guinea at the direction of the country's government.

Under the proposal, ExxonMobil Papua New Guinea Ltd. would purchase an...
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