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Displaying 1 - 10 of 13 articles
Oil Search Ltd has announced that based on the preliminary data test in both P’nyang South 1 and P’nyang South 1 ST1, reveal that the gas zone extends approximately 200 metres deeper than the lowest known gas in P’nyang South 1, indicating an increase in the total gas column to approximately...
InterOil Corporation announced that the Triceratops-2 well in Papua New Guinea was drilled from the 9 5/8 casing shoe at 4,111 feet (1,253 meters) to current total depth (TD) of 5,971 feet (1,820 meters). The top marl transition zone was encountered at 3,976 feet (1,212 meters) and the top...
Talisman Energy and Mitsubishi Corp. plan to develop natural gas properties in Papua New Guinea. Calgary-based Talisman said Wednesday that Mitsubishi will pay about $280 million to form a joint venture on nine licences in the country. Talisman will hold about a 40 per cent stake in the licences, while...
Papua New Guinea-focused Oil Search plans to make substantial investments in 2012. “The company will spend an estimated U$2.2 billion in-country, on PNG LNG Project related activities and on an extensive gas and oil exploration, appraisal and development programme,” Oil Search said in a...
Korea Gas Corp. plans to join two Japanese firms in order to jointly bid for InterOil Corp.'s proposed gas-export project in Papua New Guinea. Wall Street journal reported that Korea Gas, in conjunction with Mitsui & Co. and Japan Petroleum Exploration Co., is looking to become strategic partners...
ExxonMobil Corp. and partners have started exploring for natural gas to support a possible expansion of the US$15.7 billion PNG LNG gas export project in Papua New Guinea, the Wall Street Journal reported Thursday. Drilling of the P'nyang South-1 well located in the country's southern highlands commenced...
Talisman Energy Inc. is seeking partners to develop four of 14 natural gas leases in Papua New Guinea, media reports said. Talisman holds 14 licences in the resource rich island. The company wants to sell part of two wholly owned licences, one acquired in 2009 through the $177 million US Rift Oil takeover...
Australia’s Horizon Oil has confirmed presence of gas or gas condensate at an appraisal well in Papua New Guinea. Horizon said the well was located about 2.1km west of the Elevala-1 discovery well to specifically test the northern extent of the hydrocarbon accumulation some 60m down-dip of Elevala-1.
Papua New Guinea’s Liquid Niugini Gas project has inked a heads of agreement (HOA) with China to supply 1 – 1.5 million metric tonnes of LNG per year. The deal will see Papua New Guinea supply China with LNG for 15 years following 2015. The signing of the deal had helped pave the way for...
Horizon Oil has upgraded its reserves at its Stanley gas-condensate field in Papua New Guinea’s Western Province by 30%, with the success of the Stanley-2 and Stanley-4 appraisal wells.Independent assessor RISC estimated the field held mean contingent recoverable resources of 361 billion cubic...