“The planned P’nyang project is similar to the upstream PNG LNG project facilities at Hides, with a proposed gas conditioning plant in Western province and pipelines connecting with the existing PNG LNG project facilities at Kutubu,” Barry said.
“The scope includes drilling 11 wells at four well pads, a 500 million cubic feet per day gas conditioning plant, with gas and condensate pipelines running 250 kilometres before connecting into the facilities at Kutubu central processing facility. The project scope also includes construction of access roads and potential for the supply of gas for power generation in Western province.”
However, he said there was still a lot of work to be done.
“We are working closely with the Government on the petroleum development and associated pipeline licenses for the P’nyang field,” he said.
“The licenses are required prior to our investment in the 50 megawatt power project and future drilling, to certify larger volumes of gas.
“P’nyang represents a further multi-billion dollar investment, creating jobs and additional revenue for the nation.
Since 2010, ExxonMobil’s exploration team and licence co-ventures have invested more than K2 billion in exploration alone.” The P’nyang gas field is poised to underpin the expansion of the PNG LNG Project, as well as provide natural gas for power generation.
The project was part of an agreement between the ExxonMobil and the State. It also includes the award ing of a petroleum development licence and associated pipeline licences for the P’nyang gas field.