PNG may limit ExxonMobil licence extensions

THE PNG Government will reportedly limit any extension to ExxonMobil's petroleum retention licences 11 and 12 until the company's proposed liquefied natural gas development enters front-end engineering and design (FEED).

PNG may limit ExxonMobil licence extensions PNG may limit ExxonMobil licence extensions PNG may limit ExxonMobil licence extensions PNG may limit ExxonMobil licence extensions PNG may limit ExxonMobil licence extensions

"We postulate that the PRL 11 and PRL 12 licences would be renewed for one year or 18 months, and then would be renewed again in 2009 only if the project achieved final investment decision (FID)," the

loader
  • Porgera: Barrick-PNG talks go on - Read more
  • Follow the companies investing in the PNG market - Read more