US upstream week in brief: Papua New Guinea explorer Oil Search throws curve ball with North Slope acquisition

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Report summary

Papua New Guinea-based Oil Search make a big play for North American reserves with its purchase of a 25% interest in the Pikka Unit in the North Slope. Initial deal metrics look positive although the operator may face a steep learning curve in Alaska which raises questions regarding project timing. In addition, Q3 Earnings season continues and we dive into the latest disclosures from QEP, Cabot, Statoil, Range and ExxonMobil.

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