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Petroleum

Searcher completes PNG 3D seismic reprocessing project

AUSTRALIA”S Searcher Seismic has announced an expansion of its modern, high-quality and exploration focused seismic, magnetic and geochemical focused production offerings offshore Papua New Guinea with the completion of the Laurabada Ultracube 3D reprocessing project. The Laurabada Ultracube project entailed the reprocessing of two open-file 3D datasets with a modern broadband de-ghosting and pre-stack depth migration sequence over what is highly sought-after acreage. The Ultracube is split into two cubes:

PNG LNG partner Santos rejects takeover offer

LEADING PNG gas producer Santos has named improving oil prices and share market activity amongst its reasons for rejecting a major takeover offer from Harbour Energy Ltd. Santos said that since Harbour’s initial offer on May 21 and a number of subsequent increases in the offer price, Brent oil prices have increased by 14 per cent and the share prices of other major ASX-listed energy peers by an average of

Three train LNG expansion in PNG to move to FEED soon

LEADING PNG oil and gas company Oil Search Ltd believes a proposed three LNG train expansion and development will be ready to enter FEED in the second half of this year. Oil Search’s managing director, Peter Botten, told a company meeting today that the various partners in the PNG LNG and Papua LNG ventures had now agreed on the three train concept. The be constructed in the PNG LNG plant

PNG LNG back online ahead of schedule

PNG LNG Project operator ExxonMobil has reported that LNG production has safely resumed following the temporary shutdown of operations after a severe earthquake occurred in the region on February. 26. LNG exports are expected to resume soon, ahead of earlier predictions of a May start-up. One train is currently operating at the LNG plant near Port Moresby. The plant’s second train is expected to restart as production is increased over

PNG LNG plans receive another boost with major P’nyang reserves upgrade

EXXON Mobil Corporation has revealed that it is on track for a significant expansion of operations in Papua New Guinea after the size of the natural gas resource at the P’nyang field was dramatically increased by 84% to 4.36 trillion cubic feet of gas. The independent recertification study by Netherland Sewell and Associates follows the successful completion in January of the P’nyang South-2 well, located in PNG’s Western Province. ExxonMobil

Oil Search says CPF back in operation in PNG’s Highlands

OIL Search has resumed operations at the Central Processing Facility (CPF) in the Southern Highlands, just over five weeks aftre it  was shut in following the 7.5 magnitude earthquake that struck the PNG Highlands on 26 February. The leading PNG oil and gas company said oil production has commenced from a number of Kutubu oil field wells at an initial rate of approximately 4,000 barrels of oil per day. This

Exxon says PNG LNG earthquake repairs may take eight weeks

PNG LNG Project operator Exxon Mobil says it may take at least eight weeks to restore production at the earthquake hit facilities in PNG”s Southern Highlands. The company said preliminary assessments on damage to PNG LNG facilities caused by the 7.5 magnitude earthquake in the Highlands has affected a number of facilities, but the project had come through the major natural disaster in good shape. ExxonMobil PNG managing director Andrew

ExxonMobil provides Highlands earthquake update

ExxonMobil PNG Limited, operator of PNG LNG, has led a team of emergency assessment and relief personnel in a visit to the earthquake affected area near the Hides Gas Conditioning Plant in the Hela Province. The team of 10 made one of the first visits possible to the area since the earthquake. On board the ExxonMobil PNG-chartered helicopter were company representatives, disaster assessors from international aid agencies and representatives of relief

PNG LNG facilities shutting down to assess earthquake effects

OIL Search reports  that the PNG LNG facilities in Papua New Guinea’s Highlands are being shut down as a safety precaution following a major earthquake in the regio. The 7.5 magnitude earthquake struck in the early hours of this morning in the PNG Highlands. There have also been a series of aftershocks. Oil Search said it is presently confirming that all personnel have been accounted for and to date no

ExxonMobil PNG thanks its community development partners

PNG LNG project operator ExxonMobil PNG has thanked the local community groups for the part they have played in the success of the company’s activities in PNG. More than 100 organisations attended a community partner thank you event, hosted by ExxonMobil PNG in Port Moresby.ExxonMobil PNG managing director Andrew Barry acknowledged the many development partners the company works with including community organisations, government agencies, NGOs and aid agencies. “Our approach