ExxonMobil says it is on track to deliver over 7.9 million metric tonnes (MMT) of Liquefied Natural Gas (LNG) cargo in 2016.
This is on the back of the resource company over-performing since coming on-line in 2014.
Speaking at the PNG Mining and Petroleum Conference in Sydney, Australia, ExxonMobil (PNG) Managing Director, Andrew Barry, said there is more potential growth and will be beneficial for all stakeholders.
“Since production began we have safely shipped over 250 cargoes of LNG to our customers in the Asia Pacific. We are on track to deliver over 7.9MMT in 2016,” he said.
“We also know that our facilities have the capacity to produce over 8MMtpa, an increase of almost 16% from the original design specification.
“The benefits of increased production are wide ranging and include additional revenues for the government of Papua New Guinea, landowners and provincial governments. “
Barry said ExxonMobil and its partners managed to execute one of the most technically challenging projects in the world given PNG’s rugged terrain and weather.
“But one thing stands out for me above all else – an engineering feat of massive proportions – that of the 700km long main gas pipeline from Hides which descends to the coast over 2700m from the mountains,” he said.
He added the company was working to invest in the nation in the long term through partnership with the Government to improve the standard of living and create lasting opportunities for PNG.