ExxonMobil announces new gas discovery in Papua New Guinea
(Reuters) -- ExxonMobil Corp announced on Wednesday a new natural gas discovery in Papua New Guinea.
ExxonMobil said it has a 42.5% stake in the project, while the rest of the interest is owned by Oil Search Ltd and Santos Ltd, with Oil Search as the operator.
"We are excited by the results of the Muruk-1 exploration well, which confirms the presence of hydrocarbons in the same high-quality sandstone reservoirs as the Hides field that underpins the PNG LNG project," said Steve Greenlee, president of ExxonMobil Exploration Company.
The PNG LNG Project is a 6.9 MMtpy integrated LNG project operated by ExxonMobil PNG. The gas is sourced from seven fields, including the Hides, Angore and Juha gas fields.
Reporting by Vishaka George in Bengaluru; Editing by Shounak Dasgupta
- ExxonMobil halts 1-Bft3d blue hydrogen project in Texas
- Aramco and Yokogawa commission multiple autonomous control AI agents at Fadhili gas plant
- Ukraine will resume gas imports via Transbalkan route in November
- Mitsubishi to inject $260 MM into Brunei LNG project
- Freeport LNG (U.S.) on track to take in more natgas on Thursday after unit outage
Comments