PNG oil fields

Oil Search announces record oil and gas production in 2016

Releasing the company’s full year results for 2016, Managing Director Peter Botten said the strong results were achieved on the back of an excellent performance from the PNG LNG project.

“The increase was driven by an excellent performance from the PNG LNG Project, which produced at an average rate of 7.9 million tonnes per annum (MTPA) during the year, compared to nameplate capacity of 6.9 MTPA.’’