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Oil Search era draws to a close after 92 years

Angela Macdonald-Smith
Angela Macdonald-SmithSenior resources writer
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Opposition by some longstanding Oil Search investors including former managing director Peter Botten has failed to derail the $23 billion merger with Santos which will bring to an end the 92-year history of the proud Papua New Guinea company.

Mr Botten revealed he voted his “small percentage” of Oil Search shares against the scrip-based merger, which was however resoundingly passed by shareholders at the critical vote on Tuesday, as anticipated.

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Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com

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    Original URL: https://www.afr.com/companies/energy/oil-search-era-draws-to-a-close-after-92-years-20211207-p59fjt