Oil Search Managing Director Peter Botten said during the first half of 2016, 53 LNG cargoes were sold, comprising 45 sold under long-term contracts and eight sold on the spot market.
“Six of the eight spot cargoes were sold to customers in Japan, reflecting the desirability of PNG LNG’s high heating value gas to Japanese consumers.
“16 cargoes of Kutubu Blend and five naphtha cargoes were also sold during the half.”
He said despite the maturity of Oil Search’s oil fields, total operated production was 4% higher than in the first half of 2015.