Santos buys stake in PNG licence

Image courtesy of Santos

Australian LNG operator Santos will purchase a 20 percent equity in the PPL 339 licence in Papua New Guinea via a farm-in agreement with Kina Petroleum Limited.

The license is located within the Aure Fold Belt, southeast of the Elk/Antelope fields in an area with active natural seeps and represents Santos’ first entry into this new play in PNG, the company said in a statement.

The Elk/Antelope fields are to be developed by the participants in the PRL 15 joint venture to underpin the Total-led Papua LNG export project.

Santos will join Total and Oil Search which have 35% each in PPL 339. Kina Petroleum will retain a 10 percent stake.

The farm-in is subject to customary government and joint venture partner approvals.

Share this article

Follow LNG World News

Posted on December 7, 2017 with tags , .


<< Mar 2018 >>
26 27 28 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

CWC China LNG and Gas Summit & Exhibition 2018

The Only International Event to Meet the New Chinese LNG Buyers

read more >

CWC World LNG & Gas Series: 16th Americas Summit

Now in its 16th edition, the CWC World LNG & Gas Series: Americas Summit is the longest running LNG and gas event in the Americas region…

read more >

LNG Pricing, Trading & Risk Management: 3-Day Course

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools…

read more >

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018…

read more >