Oil Search Ltd. is expanding its Alaska profile through a series of A&D transactions it recently entered into, including a $450 million acquisition to buy more of a massive North Slope discovery.

Also, part of the deal-making was a transaction with Spain’s Repsol SA. The transactions follow Oil Search’s entry into one of the largest U.S. oil discoveries in decades made jointly by Repsol and Denver-based private independent, Armstrong Oil and Gas Inc.

Initially, Oil Search agreed to acquire half of Armstrong’s interest in the Alaskan discovery—named Horseshoe—for $400 million, which the company closed in February 2018. However, the deal also included a provision to buy Armstrong’s remaining interests for $450 million.

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