Engineering studies on gas processing from the Elk-Antelope fields in Petroleum Retention License (PRL) 15 and P’nyang in PRL 3 have been provided to the joint venture participants of the PNG LNG Project.
The studies, presented to Oil Search, Total and ExxonMobil in December 2017 focus on various integrated downstream development options for processing gas from the Elk-Antelope fields and P’nyang.
Oil Search announced that discussions between the joint venture participants have progressed on core project financing and marketing arrangements, with key project definition expected in early 2018, prior to presenting a preferred development option to the PNG Government.
Meanwhile, OSL says P’nyang South 2 ST1 encountered good-quality, gas-bearing Toro and Digimu sands, confirming the presence of gas in the south-eastern part of the field.
Recertification of the field’s gas resources will be completed in the second quarter of 2018 and is expected to result in the addition of 1C contingent resources that can be used to underpin marketing and financing discussions for LNG expansion.
Also, site preparation for the Muruk 2 appraisal well continued during the quarter and, subject to weather conditions, drilling is expected to commence in the second quarter of 2018.
OSL says Muruk 2 will help define the potential volumes in the field.