Papua New Guinea Archives

Oil Search suspends PNG activity amid global crisis

Oil Search has taken action to bring an immediate halt to all of its key Papua New Guinea projects following the recent decline in oil prices and impact of the coronavirus. Read more

March 18, 2020, 11:12 amMarch 18, 2020

Oil Search output bounces back from 2018 earthquake

Oil Search managing director Kieran Wulff has commended the company for its improved production results following the impact of the 2018 earthquake in Papua New Guinea’s Highlands. Read more

February 28, 2020, 10:54 amFebruary 28, 2020

Horizon plots NZ project life extension

Horizon Oil has continued to deliver strong oil production from its stakes in the Maari and Manaia fields, New Zealand, with 310,122 barrels of oil recorded in the company’s 2020 half year report. Read more

February 28, 2020, 10:10 amFebruary 28, 2020

PNG JV strives for solution with national government

Oil Search has reinforced that a solution to the P’nyang gas agreement with the Papua New Guinea Government remains a key hurdle that the project’s joint venture plans to overcome. Read more

February 25, 2020, 11:38 amFebruary 25, 2020

Oil Search set to abandon Gobe prospect in PNG

Oil Search has continued a drilling program at the Gobe Footwall 1 ST1 well in Papua New Guinea with unsuccessful results. Read more

February 7, 2020, 10:19 amFebruary 7, 2020

PNG drops P’nyang deal with ExxonMobil

The Papua New Guinea Government has reportedly pulled the plug on negotiations with ExxonMobil in regards to developing the P’nyang gas project following the company’s “unwillingness to agree to reasonable terms”. Read more

February 3, 2020, 10:39 amFebruary 25, 2020

Horizon marks strong end to 2019

Horizon Oil has completed another encouraging calendar year across its international operations with production of 1.6 million barrels, which resulted in revenue of $US111 million ($161 million). Read more

January 28, 2020, 12:53 pmJanuary 28, 2020