The Papua New Guinea Government announced that it gave the greenlight to Total, the Papua LNG Project operator, to move forward with the implementation of the $20 billion Papua LNG Project.
Mainly, the PRL 15 Joint Venture consists of Total, ExxonMobil and Oil Search and will collaborate with the PNP Government to finalize the National Content Plan for the Papua LNG project.
The announcement for the commence of the project was made from PNG’s Minister for Petroleum, Kerenga Kua; The deal, which was singed in April 2019 includes three LNG trains fed by over one billion boe of gas.
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Also, the oil search includes an agreement for the development of the P’nyang gas field and commencement of FEED-related activities for the proposed three-train development, including FEED for the Associated Gas Expansion Project, operated by Oil Search. The P’nyang field development is expected to leverage existing PNG LNG Project infrastructure.
Moreover, Total agreed to provide third party access to the pipeline; This brings the potential to the government to take a stake in the pipeline and the formation of a joint venture with national oil company Kumul to evaluate a shipping operation.
