Project Profile
Location: 4 km south-west of the P’nyang-1X gas discovery
Proven and Probable contingent resources: 10 Tcf (Elk-Antelope and P’nyang fields)
Proven contingent resources: >6 Tcf (Elk-Antelope and P’nyang fields)
P’nyang South lies about and roughly 90 km north-west of the Juha gas field. ExxonMobil holds a 49% operated interest in the P’nyang South-1-ST1 well with Oil Search holding a 38.5% stake and JX Nippon holding the remaining 12.5% interest. The petroleum development licence (PDL) and associated pipeline licences for the P’nyang gas field in PRL 3 will provide additional long-term gas reserves for power generation and Project expansion, including expected debottlenecking of the existing trains and a third LNG train. The PRL 3 licencees are in the process of finalising the PDL application for P’nyang which, under the MoU timeline, is expected to be offered by the end of the first quarter of 2015.
P’nyang South-2 scheduled for 2017 as part of the next appraisal and exploration campaign. (August, 2016)
Operators:
ExxonMobil: Operator with 49% interest
Oil Search: 38.5% interest
JX Nippon: 12.5% interest