P’nyang

On the other hand, the Papua LNG and PNG LNG projects-type concessions will not be readily available to P’nyang.  

Minister Kua made this remark following the passing of the various legislative amendments to give effect to the Gas Agreement for the Papua LNG Project that was signed in April this year.

Minister Kua thanked the Prime Minister for his support with clearing the Papua LNG Project Agreement after a three-month long review process.

He said that is the understanding of the Government.

Minister Pok said this in Parliament in response to the announcement by ExxonMobil of the increased gas resource at the P’nyang gas reserve.

The Minister was questioned by North Fly MP, James Donald, over a contradiction to a statement last year.

In a statement, KPHL Managing Director, Wapu Sonk, also says the Government through the Department of Energy, should be congratulated for insisting back in 2016 that P’nyang South drilling and reserve certification be completed first before discussing the Application for Petroleum Development License (APDL).

Sonk said now they can discuss the APDL knowing what reserves they are dealing with.

He said it also gives comfort that Train 3 discussions will happen as soon as ExxonMobil submits the other requirements for APDL.

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.