Exploration & Production

Exxon upgrades P’nyang field reserves to 122 bcm

ExxonMobil has upgraded the resource base at the P’nyang field in Papua New Guinea to 122 billion cubic metres, an increase of 84%
By Staff reporter 13 April 2018 0 30436

ExxonMobil has upgraded the resource base at the P’nyang field in Papua New Guinea to 122 billion cubic metres, an increase of 84%, the company said on Thursday.

The extra reserves could support a three-train expansion to the PNG LNG project, the company added.

The development proposal for the 42,500-hectare P’nyang field would add approximately 8 mtpa of LNG, doubling the capacity of the Exxon-operated plant.

When combined with the undeveloped Elk-Antelope fields, approximately 308 bcm of gas is available to expand PNG LNG, Exxon’s...