Oil Search Signs Gas Supply Deal With Barrik
Oil Search has signed a new Gas Sales Agreement with Barrick (Niugini) Ltd. under which the formaer will supply up to 56 billion cubic feet of natural gas (including associated liquids) to Barrick.
The gas will be used in the Hides Power Station, operated by Barrick, which generates electricity used in the Porgera Gold Mine. This represents an extension of the previous long term gas sales agreement.
A back-to-back agreement has been signed with the PDL 1 Joint Venture, to allow up to 150 bcf to be sold to Barrick, of which 94 bcf has already been supplied under the previous long term gas sales agreement.