Papua New Guinea

PNG LNG Project escapes damage from nearby landslide

Joint venture partner Oil Search Managing Director Peter Botten said “All our staff and contractors at our operating sites have been accounted for and are confirmed to be safe. There has been no damage
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Gulf LNG FEED completed

FLEX LNG reported that discussions with SHI regarding the restructuring of existing construction contracts for FLNG vessels has been progressing well, although a final agreement is yet to be made. The
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Drilling report: InterOil, Senex

Triceratops-2 will test a previously identified gas field which was logged and tested during drilling of the Bwata-1 well in 1959, and the Triceratops-1 well in 2005. The Bwata-1 well tested flow rates
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Marubeni takes stake in PNG LNG

More than 99 per cent of the shares in Merlin had been held by JX Nippon Oil and Gas Exploration Corporation. Merlin holds oil and gas interests in Papua New Guinea including a 4.7 per cent interest
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Higher reserves on the PNG horizon

The company, on behalf of its PRL 4 joint venture partners, commissioned Resource Investment Strategy Consultants (RISC) to conduct an independent resource audit of the Stanley gas/condensate development,
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PNG LNG pipeline proceeds

The 407 km 36 inch pipeline will run from Omati in the Gulf Province to the LNG plant. The pipeline will be laid from two offshore pipe laying vessels, the Semac 1 and the Castoro 10. The
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Drilling Report: Oil Search

The Hedinia-10 ST3 well is designed to establish the up-dip potential of the Hedinia forelimb. The participants in Hedinia-10 are Oil Search (60.05 per cent), Ampolex (11.61 per cent), Merlin Petroleum
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InterOil seeks partner

The company has retained Morgan Stanley & Co., Macquarie Capital Inc. and UBS as joint financial advisors to assist with soliciting and evaluating proposals from potential strategic partners in the
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Drilling Report: New Guinea Energy

The primary Toro formation reservoir target was intersected at 3,831 m. The Siphon-1 wet gas prospect is a fault-bounded, north-south elongated basement drape structure, adjacent to the Stanley Gas Field
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