ExxonMobil, InterOil in talks over Papua New Guinea assets

InterOil Corp. and its joint venture partner, Pacific LNG Group, are talking with ExxonMobil Papua New Guinea Ltd. regarding development of Elk and Antelope gas-condensate fields.

The transaction has been discussed with the government, and any agreement would be subject to government approval. No financial terms were specified yet.

InterOil, Houston, and Pacific LNG are negotiating to sell ExxonMobil an interest that would be sufficient to supply gas to develop an additional LNG train at ExxonMobil's Konebada site.

InterOil said it is discussing whether gas from Elk and Antelope fields could support an expansion of ExxonMobil Corp.’s LNG project or a new gas-export facility.

Esso Highlands Ltd., an ExxonMobil subsidiary, plans to liquefy and ship gas from Hides, Juha, and Angore fields and associated gas from Kutubu, Agogo, Moran, and Gobe Main oil fields in the Southern Highlands thrust belt. The fields are expected to produce more than 10 tcf of gas and 200 million bbl of liquids in 30 years.

Ground was broken in 2011 for a 6.6-million tonne/year LNG plant 20 km northwest of Port Moresby, and early right-of-way work parallels the Kutubu oil pipeline. Santos Ltd. and Oil Search Ltd. have interests in the project (OGJ Online, Sept. 5, 2011).

InterOil's proposed LNG facilities in Gulf Province are to have a capacity of 5 million tpy of LNG. Operation is targeted for mid-2014.

Related Articles

White House eyes steps to curb oil, gas methane emissions

03/29/2014 The White House announced additional steps to reduce methane emissions from oil and gas operations as part of a broader strategy. They included reg...

Baker Hughes: US drilling rig count rebounds to 1,809

03/28/2014 The US drilling rig count gained back the 6 units it lost last week to reach 1,809 rigs working during the week ended Mar. 28, Baker Hughes Inc. re...

Sinopec reveals Fuling field production capacity goals

03/25/2014 Sinopec plans to develop Fuling shale gas field in southwestern China to a production capacity of 10 billion cu m (bcm)/year by 2017, the company s...

Santos brings Peluang gas development on stream

03/24/2014

Santos Ltd., Adelaide, has started natural gas production from its Peluang development offshore the Indonesian island of Java.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected