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ExxonMobil sets sights on Elk/Antelope for PNG LNG expansion

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Report summary

ExxonMobil has started negotiations with InterOil over the Elk and Antelope fields.  The proposed deal will involve ExxonMobil purchasing sufficient gas for an additional LNG train at its PNG LNG project and funding a four-well appraisal campaign to recertify the Elk/Antelope resource.  The resource size is currently reported as between 7 tcf and 11 tcf.  The consideration in any deal would be phased, and tied to appraisal, development and production milestones, which would mitigate the...

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    ExxonMobil sets sights on Elk/Antelope for PNG LNG expansion

    PDF 468.68 KB

Table of contents

  • Executive Summary
  • Exclusive negotiations with ExxonMobil
  • Additional train at PNG LNG
  • Enhanced economics
  • Everyone’s a winner

Tables and charts

This report includes 3 images and tables including:

Images

  • Papua New Guinea's oil and gas projects
  • Indicative model project economics
  • PNG LNG Available Reserves

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