Total Keeps $3.6 Billion New Guinea Gas Deal In-House

French oil and gas giant Total S.A. used in-house lawyers to negotiate a proposed deal to acquire natural gas assets for up to $3.6 billion.

Houston-based InterOil Corp. currently holds a licence develop two gas fields in the South Pacific country. The two fields are the largest undeveloped conventional gas resource in Asia, according to Herbert Smith Freehills.

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