PETROLEUM SCENE HEATING IN FLEDGLING CRUDE EXPORTER PAPUA NEW GUINEA

Papua New Guinea's petroleum scene is heating again soon after it joined the world's ranks of crude oil exporters. Operators, paced by a feisty independent based in Port Moresby, have drilled a string of discoveries near the infrastructure of the Kutubu development project that supports Papua New Guinea crude exports. All signs point to the increasing likelihood of good sized--maybe world class--oil discoveries that promise to sustain exploration and development interest beyond 2000.

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