Key PNG gasfield upgraded: Oil Search

Original article by Paul Garvey
The Australian – Page: 21 : 13-Apr-18

Oil Search and ExxonMobil have upgraded the contingent resource for the P’nyang gas field in Papua New Guinea to 3.51 trillion cubic feet of gas. Andrew Hodge of Macquarie Group says the upgrade makes it more likely that an expansion of the PNG LNG project will proceed. Oil Search has a 38.5 per cent stake in the P’nyang gas field, and MD Peter Botten notes that the PNG LNG project’s partners now have access to an estimated 11 trillion cubic feet of gas when the undeveloped Elk-Antelope field is taken into account.

CORPORATES
OIL SEARCH LIMITED – ASX OSH, EXXONMOBIL CORPORATION, MACQUARIE GROUP LIMITED – ASX MQG

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