MELBOURNE, Aug 25 (Reuters) - Oil Search Ltd OSH.AX said on Tuesday it is looking for acquisitions in Papua New Guinea, where it holds the bulk of its assets, but Managing Director Peter Botten said deals may take some time as buyer and seller expectations remain wide apart.
He did not comment on whether Oil Search has approached Santos Ltd STO.AX for any of its its stakes in Papua New Guinea. Santos last week effectively put all its assets up for sale. ID:nL3N10V67E
"Assets in PNG are where would like to look and optimise," Botten told reporters. "We think there's a lot of running room, especially for gas, in PNG."