PNG LNG

Exxon resumes PNG LNG productions

LNG exports are expected to resume soon.

One train is currently operating at the LNG plant near Port Moresby. The plant’s second train is expected to restart as production is increased over time.  

During the period that production was shut-in, ExxonMobil was able to complete unrelated maintenance scheduled for later in the year to allow for more efficient operations in the months ahead.

Fiscal certainty, negotiations key to LNG expansion

ExxonMobil managing director, Andrew Barry, said both these areas were crucial as the joint venture partners head in to Front End Engineering Design (FEED).

Barry said this during the 2nd Petroleum and Energy Summit in Port Moresby.

Also critical are the various commercial and project discussions and agreements that need to be made before a final investment decision is made.

LNG revenue to be affected: Executive

Chairman of FGE, Dr. Fereidun Fesharaki, says this is expected in the short term while the medium to long term looks promising with global prices expected to stabilise.

In his Global Energy Industry overview during the 2nd Petroleum and Energy Summit on Monday (March 19), Dr.  Fesharaki said the recent earthquake in the highlands affected the potential revenue to be made from the increase in LNG prices currently experienced.

He, however, had further bad news, saying the estimated resumption of the PNG LNG Project could come at a time when sport prices were also falling.

26yo woman responsible for operation of oil wells

Wakia, from Wapenamanda District in the Enga Province, is one of many citizens that have developed and furthered their education with support from Oil Search. 

She joined the company in 2012 as a graduate petroleum engineer in the Graduate Development Program. She held the positions of development petroleum engineer and well integrity engineer before being appointed to her current role as production engineer, overseeing the Kutubu Central Processing Facility (CPF).