Near PNG LNG opportunity

THROUGH a 2D seismic program, LNG Energy has identified a promising prospect “on trend” with the key Kutubu and Gobe oil fields in Papua New Guinea’s Southern Highlands and close enough to PNG LNG project infrastructure.
Near PNG LNG opportunity Near PNG LNG opportunity Near PNG LNG opportunity Near PNG LNG opportunity Near PNG LNG opportunity

Last year the explorer acquired 148km of the seismic data over the June and December quarters in the western section of petroleum prospecting licence 319, located in an underexplored lowland area of the Papuan fold and thrust belt.

The Kikori Bend area of this river was especially targeted as it also has road and helicopter access and is close to Oil Search's existing crude oil export pipeline and the route of the planned PNG LNG project gas pipeline.

After recently completing the data interpretation, LNG Energy will focus on the "clearly" identified Tuyuwopi prospect which is in a good location from a logistical standpoint.

"The Sling seismic program has identified the very attractive Tuyuwopi prospect," LNG Energy president and chief executive officer Dave Afseth said.

"Given the location and surrounding hydrocarbon production trends, we are very encouraged by this target and are developing our work program around it.

"Additional leads have also been identified that will be further investigated."

The well-known Toro, Hedinia and Iagifu sandstone reservoirs extend into LNG Energy's wholly owned PPL 319.

The Toronto-listed explorer said ExxonMobil and Oil Search's Kopi base was also within the licence, which is a hub for oil and gas development activity.

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