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.