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Oil Search Assessing gas field

Staff Reporter | 10:09 PM | |
OIL Search managing director Peter Botten says the company is conducting drilling at the P’nyang to assess and better understand the undeveloped gas field in Western.
“The resource base at P’nyang is being assessed by drilling this year and next year and we will have a much better insight on the resource that is in P’nyang,” Botten said.
“We think it is an important resource, we believe we can commercialise in the medium term.”
He said P’nyang was poised to underpin the expansion of the US$19 billion (K51bn) PNG LNG project, as well as provide natural gas
for power generation to support Papua New Guinea’s urgent power needs
Petroleum and Energy Minister Nixon Duban told Parliament recently that the gas field should not be a standalone project.