The Sydney Morning Herald | Oil Search acquires US oil fields for half a billion dollars The Sydney Morning Herald Gas giant Oil Search has acquired enormous oil assets in Alaska in a deal worth $US400 million ($521 million) as it seeks to diversify from its operations in Papua New Guinea. The acquisition represents a major change in pace for the company, which to ... Australia's Oil Search buys into promising Alaska oil find Oil Search expands horizons to Alaska with $522m blocks buy Oil Search Makes $400 Million Move Into Big Alaska Oil Find -- Update |