Project Profile
Location: Western Province of Papua New Guinea (PNG)
Start-up Year: -
Santos Limited announced the execution of binding agreement to participate in a prospective exploration permit in the Western Province of Papua New Guinea (PNG). Three exploration wells are planned in the permit, with the first well, Kupio-1 in PPL 261, expected to spud in early September 2013. The agreement is subject to certain conditions precedent and on obtaining PNG Government approval.
Operators:
Repsol (formerly Talisman Energy): Operator with 30% interest
Santos Limited: 30% percent
Mitsubsh Corp: 40% percent