A number of resource projects under negotiation, says official

By GYNNIE KERO
THE country has number of oil and gas projects currently under negotiations, after the signing of the Papua LNG Project last year, according to the Petroleum and Energy department.
The projects include the P’nyang LNG in Western, Pasca A Gas Condensate in Gulf, Stanley Gas Condensate in Western and the Ketu/Elevala Gas Condensate in Western.
Petroleum and Energy secretary David Manau said the Pandora Gas Field could be considered for aggregation with Pasca A, increasing accumulative resource to a sizable volume by 1.2 trillion cubic feet of raw gas.
Manau said the Papua LNG and P’nyang projects were both standalone projects with different operatorship and marketing arrangements. They will have separate gas agreements.
“However, both are being considered for synergy at the downstream LNG production plant where they will be integrated into the existing PNG LNG project for cost sharing and savings,” he said.
“Pasca A is niche (offshore) project with more focus on condensate and LPG production in the initial two years. Gas will be produced thereafter. By the year 2022, PNG will have four oil and gas projects in the Front End Engineering and Design (Feed) Stage,” he said.