Oil Search Seeks Reserves to Double Papua New Guinea LNG Units
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Oil Search Ltd., a partner in a $15 billion liquefied natural gas project in Papua New Guinea, said it seeks to increase reserves to support two more production units at the Exxon Mobil Corp.-led venture.
“We believe there are very good prospects for one or more LNG trains to be added to the initial PNG LNG project,” Oil Search said in a presentation filed today with the Australian stock exchange. “A primary focus for Oil Search over the next two years is on proving up sufficient gas reserves.”