Petroleum Retention License (PRL) 15

Gas processing study presented

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.