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ExxonMobil sets sights on Elk/Antelope for PNG LNG expansion

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11 June 2013

ExxonMobil sets sights on Elk/Antelope for PNG LNG expansion

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...

Table of contents

  • Executive Summary
  • Exclusive negotiations with ExxonMobil
  • Additional train at PNG LNG
  • Enhanced economics
  • Everyone’s a winner
    • Project and Economic Assumptions
      • Project Life
      • Capital costs
      • Discount rate and date
      • Inflation
      • Oil price
      • LNG price
      • Abandonment costs

Tables and charts

This report includes 3 images and tables including:

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

What's included

This report contains:

  • Document

    ExxonMobil sets sights on Elk/Antelope for PNG LNG expansion

    PDF 468.68 KB

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