ExxonMobil said it plans to begin preparations this year for appraisal drilling at the gas play subject to technical work, permitting and budgeting, and will look to drill the appraisal within two years of gaining the development licence.
The supermajor said that PNG had agreed to award the licence and associated pipeline permits “in order to provide access to the long-term natural gas reserves needed for power generation, and to enable expansion of the PNG LNG project, which could include the development of a possible additional train”.
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