22/08/2014 21:40:55 Free Membership Login

Oil Search Strikes More Gas In Papua New Guinea

Date : 04/19/2012 @ 4:16AM
Source : Dow Jones News
Stock : Santos Fpo (STO)
Quote : 15.17  0.58 (3.98%) @ 4:50AM
Santos Ltd share price Chart

Oil Search Strikes More Gas In Papua New Guinea

Oil Search (ASX:OSH)
Historical Stock Chart

3 Years : From Aug 2011 to Aug 2014

Click Here for more Oil Search Charts.

Oil Search Ltd. (OSH.AU) said Thursday it has struck more gas in Papua New Guinea, firming up the potential of its recent P'nyang discovery to support an expansion of its US$15.7 billion gas-export joint venture with ExxonMobil Corp. (XOM).

Oil Search said a sidetrack well to its recent P'nyang South-1 well has found the original gas zone extends about 200 meters deeper than the lowest known gas in P'nyang South-1, indicating an increase in the total gas column to about 380 meters.

Exxon and partners including Oil Search and Australia's Santos Ltd. (STO.AU) want to ship liquefied natural gas from the foundation stage of PNG LNG to Asian buyers in 2014. They are trying to discover enough new gas to expand the massive terminal to three LNG production units from the original two currently under construction.

-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; Ross.Kelly@dowjones.com



Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 us 140822 21:40