ExxonMobil makes natural gas discovery onshore Papua New Guinea

ExxonMobil makes natural gas discovery onshore Papua New Guinea

6:38 AM, 2nd January 2017
ExxonMobil logo

IRVING, US: ExxonMobil Corporation has made a new natural gas discovery in the Papua New Guinea (PNG) North Highlands, 13 miles northwest of the Hides Gas Field.

The PNG is a joint venture comprising of ExxonMobil who owns (42.5 percent), Oil Search Limited (37.5 percent) and Barracuda Limited, a subsidiary of Santos Limited (20 percent) with Oil Search Ltd as an operator.

Oil Search began drilling the Muruk-1 well on 2 November 2016.

The well is located in petroleum prospecting license 402, which covers 126,000 acres (510 square kilometres).

The Muruk-1 well encountered similar high-quality sandstone reservoirs as the Hides field and was in line with pre-drill expectations. It was safely drilled to 10,630 feet (3,130 meters). Evaluation is underway to determine the size of the discovery.

“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 Muruk exploration success demonstrates the strength of ExxonMobil’s long-term investment approach and reaffirms its commitment to Papua New Guinea. Over the coming months, we will work with our co-ventures’ to better determine the full resource potential,” said Greenlee.

© Worldofchemicals News

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