ExxonMobil given green light on PNG gas project
Papua New Guinea The ExxonMobil-led project’s participants include affiliates of Australian energy company Santos and Japan’s JX Nippon Oil & Gas Exploration Corporation. State-run Kumul Petroleum is expected to join the group.
New facilities to deliver the gas will be built in Western Province and will connect to the PNG LNG export facility near Port Moresby.
Specific terms of the deal were not disclosed and are subject to the final investment decision of the consortium.
P’nyang field is estimated to contain 125 bcm (4.4 tcf), with gas production expected to be around 21.2 mcm (750 mcf) per day.
Recent Posts
Seatrium wins MODEC contract for Guyana-bound FPSO
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
UK allows oil exploration in North Sea wind project zones
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Chariot starts gas drilling campaign in Morocco
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More