Press

Santos Strengthens PNG Growth Position With Farm-In to Aure Fold Belt (PPL 339)


Santostoday announced it will acquire a 20 per cent equity in the PPL 339 licence in Papua New Guinea via a farm-in agreement with Kina Petroleum Limited.

The license is located within the Aure Fold Belt, southeast of the Elk/Antelope fields in an area with active natural seeps and represents Santos' first entry into this new play in PNG.

The PPL 339 license holders before and after the Santos farm-in are:

 

Before farm-in

After farm-in

Oil Search (PNG) Ltd (Operator)

35%

35%

Total E&P PNG 2 B.V.

35%

35%

Kina Petroleum (PPL339) Limited

30%

10%

Barracuda Limited (Santos)

-

20%

The farm-in is subject to customary government and joint venture partner approvals. 


Visit source site

https://santos.com/media-centre/announcements/sant...

SantosFarm-InKina PetroleumPapua New Guinea

More items from oilvoice


Rockhopper Exploration plc Half-year Results For the Six Months to 30 June 2018

Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to announce its results for the six months ended 30 June 2018.   Year to date highlights Sea Lion Pha ...

OilVoice Press - OilVoice


Posted 5 hours agoPress > Rockhopper ExplorationAIMResults +3

Over 8.5 Months Gazprom Increases Gas Supplies to Hungary by 8.6%

A working meeting between  Alexey Miller , Chairman of the Gazprom Management Committee, and Peter Szijjarto, Minister of Foreign Affairs and Trade of Hungary, took place in Moscow today. Peter Szijjarto and Alexey Miller at meeting Enlarged photo (JPG, 1.9 MB) The parties addressed t ...

OilVoice Press - OilVoice


Posted 7 hours agoPress > GazpromRussiagas +2

NPD: Drilling Permit for Well 7324/3-1 in Production Licence 615

The Norwegian Petroleum Directorate (NPD) has granted Equinor Energy AS a drilling permit for well 7324/3-1, cf. Section 15 of the Resource Management Regulations. Well 7324/3-1, will be drilled from the West Hercules drilling facility in position 73°57'27,39" North og 24°41'04,86" East. The d ...

OilVoice Press - OilVoice


Posted 19 hours agoPress > NPDNorwayNorwegian Petroleum Directorate +6

Ørsted Divests 50% of Hornsea 1 Offshore Wind Farm

Ørsted has signed an agreement to sell 50% of the 1,218MW offshore wind farm Hornsea 1 to Global Infrastructure Partners (GIP). Hornsea 1 is under construction and will be the world's largest offshore wind farm when commissioned in 2020. As part of the agreement, Ørsted will construct the wind far ...

OilVoice Press - OilVoice


Posted 19 hours agoPress > Wind FarmDivestmentOffshore +3

First Gulf Service Station in China is Open for Business

  Gulf Oil International is delighted to announce that the first Gulf-branded service station in China has been opened in Guangzhou.  In May 2018, Gulf Oil International announced that it had reached an agreement to launch a national service station network in China, with the initial 25 expect ...

OilVoice Press - OilVoice


Posted 19 hours agoPress > First GulfService StationChina +1
All posts from oilvoice