Mooring system down

Business

THE mooring system at the Oil Search-operated liquids offshore loading facilities in the Gulf of Papua has apparently been damaged, according to Oil Search.
The company said in a statement that due to adverse weather and sea conditions in the Gulf of Papua, Oil Search was not able to complete necessary inspections to fully assess the issue.
“Consequently, as a precautionary measure, Oil Search temporarily suspended scheduled liquids loading last week,” it said.
“In addition, to extend the liquids storage available in the liquids export system, the company curtailed production from the Oil Search-operated oil fields and the PNG LNG operator partially reduced PNG LNG production.”