Oil Search has revealed that discussions on the P’nyang Project have resumed with the State, aimed at reaching an agreement that is fair and balanced for all stakeholders.
In its March Quarter Report for 2020 Oil Search says it remains committed to progressing the three-train integrated expansion project, a highly cost-effective development, at the appropriate time.
The agreement is required before the LNG expansion project can move into the FEED phase.
Formal negotiations between ExxonMobil, on behalf of co-venturers, and the PNG Government on the P’nyang Gas Agreement were suspended in late January after a failure to reach an agreement on the project.