ExxonMobil Announces Successful Muruk Sidetrack Production Test
June 14 2017 - 10:00AM
Business Wire
Exxon Mobil Corporation (NYSE:XOM) today announced positive
production well test results from the Muruk 1 sidetrack 3 well in
the Papua New Guinea North Highlands located about 13 miles (21
kilometers) northwest of the Hides gas field.
The well successfully flowed gas at a rate of 16 million
standard cubic feet per day. The well rate was constrained by test
facilities which limited tests to short flow and build up periods.
Hydrocarbon samples were collected during the production test.
“We are encouraged by these well test results and will integrate
them into the ongoing resource evaluation work and potential
appraisal program in 2018,” said Steve Greenlee, president of
ExxonMobil Exploration Company. “The success at Muruk adds to a
growing resource base in PNG, through focused exploration and
ExxonMobil’s recent acquisition of InterOil. These high-quality
resources position the PNG LNG project for a multiple-train
expansion that will continue to provide a highly competitive cost
of supply.”
The production test confirms Muruk as a potentially significant
new discovery close to existing PNG LNG infrastructure.
Oil Search began drilling the Muruk 1 well on Nov. 2, 2016.
Petroleum prospecting license 402 covers 126,000 acres (510
square kilometers) in the Papua New Guinea Highlands. Interest
owners are ExxonMobil (42.5 percent), Oil Search Limited (37.5
percent) and Barracuda Limited, a subsidiary of Santos Limited (20
percent), with Oil Search as operator.
About ExxonMobil
ExxonMobil, the largest publicly traded international oil and
gas company, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is the largest refiner and marketer of
petroleum products, and its chemical company is one of the largest
in the world. For more information, visit www.exxonmobil.com or
follow us on Twitter www.twitter.com/exxonmobil.
CAUTIONARY STATEMENT: Statements of future events or conditions
in this release are forward-looking statements. Actual future
results, including project plans and resource recoveries could
differ materially due to changes in market conditions affecting the
oil and gas industry or long-term oil and gas price levels;
political or regulatory developments; reservoir performance; the
outcome of future exploration and development efforts; technical or
operating factors; the outcome of future commercial negotiations;
and other factors. References to gas, condensate, resources, and
similar terms mean quantities of oil, gas and condensate that are
not yet classified as “proved reserves” under SEC definitions but
that we believe may ultimately be produced.
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