01-28-2013, 11:03 AM
A long time IOC student saw my post and sent this to me. He knows more than I do..
Oil Search and Exxon became partners because of the interests they owned in the resource.
OSH bought its ownership from Chevron.
I think Exxon bought someone else’s interest, possibly BP.
Exxon never bought interest from OSH.
OSH never sold resources to Exxon for cash.
Oil Search sold shares to finance its equity stake in the project.
InterOil will sell interest in the field to a partner to fund its equity stake in the Gulf LNG project
Or my take a HUGE difference.
Oil Search and Exxon became partners because of the interests they owned in the resource.
OSH bought its ownership from Chevron.
I think Exxon bought someone else’s interest, possibly BP.
Exxon never bought interest from OSH.
OSH never sold resources to Exxon for cash.
Oil Search sold shares to finance its equity stake in the project.
InterOil will sell interest in the field to a partner to fund its equity stake in the Gulf LNG project
Or my take a HUGE difference.