Pok, Kina Petroleum to discuss future of gas project

KINA Petroleum, together with the petroleum retention license (PRL) 21 licensees, has welcomed the opportunity to engage with Petroleum Minister Dr Fabian Pok on the development of the Elevala and Ketu fields in Western.
The company, with the PRL 21 licensees, has received correspondence from Pok in respect of the development plan for the Elevala and Ketu fields.
Pok has invited the PRL 21 licensees to propose a new or varied development plan, indicating that the department would not be able to approve the current form of the development plan submitted with application for petroleum development licence (APDL) 12.
Kina Petroleum is part of the joint venture with respect to the Elevala and Ketu fields (PRL 21) in the country, holding a 16.75 per cent interest.
According to a statement from Kina Petroleum, since APDL 12 was submitted, the joint venture had evaluated various potential gas commercialisation pathways as well as alternative pathways for the commercialisation of condensate.
Kina Petroleum and its joint venture partners submitted an APDL in respect of the Elevala and Ketu fields in March 2014 (APDL 12), in accordance with the conditions of the licence.
The development plan, as submitted with APDL 12, envisages a phased development, initially with condensate recovery and re-injection of dry gas, to be followed by gas sales at a later date once a gas commercialisation pathway has been established.
“We anticipate further discussion with the minister and his department regarding our proposed development plans,” Kina Petroleum said.