You are visiting globalshift.co.uk - copyright © 2009 to 2017   All rights reserved                                                                                       Home |  Terms of use  |  Datafiles  |  Contact us  |  Register

Globalshift Limited - admin@globalshift.co.uk                                                                                 Globalshift.co.uk is as up-to-date as possible but some information may not be the most recent available

Contact Us | Register

Home

NORTH AMERICA  |  LATIN AMERICA  |  EUROPE  |  AFRICA  |  MIDDLE EAST  |  ASIA-PACIFIC  |  GLOBAL REGIONS  |  ALL

E & P News

2016

Dec 2016: The Muruk 1 exploration well in PPL 402 encountered gas in the Toro formation. Muruk is close to PNG LNG infrastructure between the Hides and Juha gas fields. Participants are Oil Search (37.5%), Santos (20%), and ExxonMobil (operator, 42.5%).

Oct 2016: Rawson Resources has been awarded PPL 560 block in the offshore Cape Vogel Basin. The license covers 4,680 sq kms and has been awarded for a 6-year term with the first well commitment due in 2020. The block contains the large Buna gas prospect in shallow waters.

Oct 2016: The US$19 bn PNG LNG project, operated by ExxonMobil, achieved the highest quarterly production rate since it came onstream in 2014 despite a small reduction in gas flow in August. The project includes 700 kms of pipelines, a gas conditioning plant in Hides and an LNG plant near Port Moresby with a capacity of 6.9 mm tpa.

Sep 2016: Oil Search and ExxonMobil have entered into agreements with Gini (owned by CNOOC) to acquire 40% each of PPL 374 and PPL 375 blocks, 150 kms south of Port Moresby. Water depths range from 1,000 to 2,500m. ExxonMobil will become operator.

Jul 2016: South Pacific Resources has applied for 5 Unconventional Hydrocarbon Prospecting Licences including shales surrounding the producing Foldbelt oil and gas fields ( Kutubu, Gobe/SE Gobe), shales surrounding the Hides, Juha and P’Nyang gas fields that provide gas for the PNG LNG Project, and shales surrounding the Elk/Antelope/Triceratops gas discoveries.

2015

Aug 2015: InterOil said that well test data from the Elk-Antelope gas field shows that it can support a 2-train LNG project after the Antelope-5 well exceeded expectations. Total has assumed operatorship of the PRL15 joint venture developed as the Papua LNG project.

Apr 2015: First shipments from a new LNG project operated by Total (40.1%), with InterOil (36.5%) and Oil Search (23%) are expected in 2021. Exports  are planned at 6.8 mm tonnes per year drawing gas from the Elk and Antelope fields, which may hold up to 250 bcm.

2014

Dec 2014: InterOil  has discovered gas and condensate  at the Bobcat-1 exploration well in PPL 476. Bobcat-1 is  30kms NW of the Elk-Antelope field. InterOil is operator with 78.1114%.

Sep 2014: The PNG government wants Total to construct a new LNG project using gas from the Elk and Antelope fields instead of using this gas to expand Exxon’s US$19 bn PNG LNG project. Total bought a 40% share in Elk/Antelope from InterOil however Oil Search, a partner in PNG LNG, says it holds the right to buy the stake.

Sep 2014: ExxonMobil, operator of the PNG LNG Project, has almost completed development drilling on the Hides gas field in PDL 1/7. Eight new production wells have been drilled with one rig now moving to the Angore field to drill two further PNG LNG Project production wells. The other rig will drill a Hides Deep exploration well.

Aug 2014: The 2 production wells for the Stanley gas-condensate project are ready for production with capacity to produce in excess of the capacity of the Stanley gas plant (1.45 bcm each year) and 4,000 bbls per day of condensate when onstream in late 2016. Talisman is operator with 40%, along with  Horizon (30%), Osaka Gas (20%) and Diamond Gas (10%).

May 2014: Talisman (operator, 25%), with Cott (40%), Kina (25% and Santos (10%) has received the LNG Concept Study for 2 discoveries in the Pandora gas field in PRL 38. The field, discovered in 1988, lies in the Gulf of Papua in water depths of 120m. Development will be with a smaller FLNG vessel over the field or a larger one near shore. First gas could be delivered within 3 years of award of a contract.

Apr 2014: ExxonMobil is on track to start exporting LNG by mid 2014 ahead of schedule and below its US$19 bn budget. ExxonMobil and partners, Oil Search, Santos and Nippon Oil, are looking to expand the plant but have yet to decide where to source the additional gas. They ideally want gas from the biggest undeveloped fields, Elk and Antelope, controlled by InterOil and Total.

Mar 2014: Cott Oil and Gas has announced that it has received an Expression of Interest (EOI) from Wison Offshore and Marine in supporting the development of the Pandora gas field in PRL-38 with a floating LNG. Cott has engaged Wison to prepare a Concept Study by the end of April 2014.

Jan 2014: BGP PNG Exploration's seismic vessel, Dong Fang Kan Tan No. 1, has completed a 3015 km 2D acquisition project over offshore Petroleum Prospecting Licences, PPL374 and PPL375. The licences are held 100% by Gini Energy. UMC Energy owns 30% of Gini with operator, CNOOC, owning 70%. Processing will be undertaken by CNOOC over the coming months.

2013

Dec 2013: InterOil has secured a deal to farm-out part of its Elk-Antelope fields to Total. Under the deal, Total will acquire a 61.3% stake in PRL 15 with the price depending on 3 appraisal wells and certification of Elk-Antelope, anticipated for completion in 2015. The transaction is expected to complete in the first quarter of 2014.

Oct 2013: Horizon Oil has made a gas-condensate discovery at Tingu-1 in PRL 21, Western Province. Pressures indicate that the hydrocarbons are connected to those in the Elevala field, 12 kms to the southeast. PRL 21 also includes the Ketu field. Horizon is carrying out front end engineering and design of Elevala and Ketu. Tingu will be incorporated in the development scope.

Aug 2013: Oil Search has spudded the Kidukidu-1 well in PPL 385 in the Gulf of Papua. The prospect lies 268 kms northwest of Port Moresby in a water depth of 98m. The objective is a submarine, basin-slope fan sandstone of Pleistocene age. Kidukidu 1 is the third and final well to be drilled in the Oil Search campaign, in which it owns 100%.

Jun 2013: Oil Search reports that the semisub, Stena Clyde, spudded the Hagana-1 well in PPL 244 in the Gulf of Papua in a water depth of 105m, 225 kms west-northwest of Port Moresby. Participants are Oil Search (40%), Total (40%) and Nippon (20%). Hagana is Oil Search’s second well in PPL 244. The first, Flinders-1, hit a thin gas column in a Plio-Pleistocene submarine fan sand.

Jun 2013: Oil Search has made an oil find near its producing SE Mananda field in the Southern Highlands. The Mananda-6 well contained two separate columns, one of 18m in the Toro formation and the other 40m in the Imburu and Digimu formations. Oil Search owns 71.25% of Block PPL 219 with JX Nippon Oil (28.75%).

Feb 2013: The PNG LNG Project offshore pipeline is complete following tie-in to the onshore pipeline at Omati. The pipeline is 407 kms and connects to a 292 km onshore line from Hides. First gas is due in 2Q 2014. The project includes gas production, processing and liquefaction facilities. ExxonMobil is operator, with Oil Search, National Petroleum Company, Santos, JX Nippon and Petromin.

2012

Sep 2012: Oil Search has extended PNG’s only gas sales agreement with the Porgera gold mine. Oil Search has been supplying 0.132 bcm of gas each year for 20 years from the Hides field to Porgera. PNG does not have a domestic gas market. The extension covers 1.6 bcm of gas (including NGLs). The Hides field will be the main feedstock for the PNG LNG project under construction.

Low-Cost Spreadsheets

Datafiles

Buy Excel files - histories and forecasts of production and wells split into any category for all countries and regions

Review files

Geology

E and P

News Briefs

Papua New  Guinea

Southeast Asia

Papua New Guinea