PNG offshore licensing round draws one bid

Just one application has been received for the much heralded offshore Papua New Guinea licensing round (OGJ Online, Sept. 22, 2006).

Rick Wilkinson
OGJ Correspondent

MELBOURNE, Apr. 25 -- Just one application has been received for the much heralded offshore Papua New Guinea licensing round (OGJ Online, Sept. 22, 2006).

The apparent interest from 15 groups that bought bid packages last year for blocks in the Gulf of Papua, Papuan Plateau, Moresby Trough, and parts of the Coral Sea seems to have evaporated.

PNG authorities said they will process the lone application and reserve the other blocks for competitive application and appropriate work program bids at any time.

More in Exploration & Development