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PNG LNG above capacity

ExxonMobil's Papua New Guinea LNG project is continuing to produce 20% above its nameplate capacity, and the US operator is currently marketing an extra up to 1.3 million tonnes per annum from the project, writes Russell Searancke.

In the quarter ended 31 March 2017, the development operated at an annualised rate of 8.3 million tpa of liquefied natural gas, on a par with the previous quarter. The nameplate capacity is 6.9 million tpa.

Peter Botten, the chief executive of PNG LNG project partner Oil Search, said the recent recertification of resources within the scheme's fields had "confirmed that there is more than sufficient gas available to support this higher level of production and will enable the project to optimally place additional volumes in either term contracts (for uncommitted production above 6.6 million tpa) and/or the spot market".

Hence, US supermajor ExxonMobil was marketing the extra 1.3 million tpa.

The recertification by Netherland, Sewell & Associates led to an increase in the project's proven reserves of 2.8 trillion cubic feet on a gross basis, said Oil Search.