Output Resumes at Exxon's Papua New Guinea LNG Operation After Quake
12 Abril 2018 - 10:20PM
Dow Jones News
By Robb M. Stewart
MELBOURNE, Australia--Exxon Mobil Corp.'s (XOM) big gas-export
plant in Papua New Guinea has restarted production and is expected
to resume shipments soon, recovering from the massive quake that
struck the country in late February.
Oil Search Ltd. (OSH.AU) and Santos Ltd. (STO.AU), two
Sydney-listed partners in the PNG LNG operation, said output of
liquefied natural gas had resumed at one of two production lines
that were shut after the Feb. 26 quake in the country's Highlands
region. The restart has been sooner than the eight-week time frame
Exxon previously outlined.
The second production line is expected to restart as natural-gas
production from fields in Papua New Guinea resumes, the companies
said in statements Friday.
Oil Search operates all of Papua New Guinea's producing oil
fields, though these are dwarfed by output from Exxon's US$19
billion PNG LNG operation, in which Oil Search has a 29% interest
and Santos a 13.5% stake. Output at the plant near the capital Port
Moresby, gas-processing facilities and Oil Search's sites in the
Highlands were all shut after the quake, which was followed by a
series of aftershocks.
The magnitude-7.5 quake caused landslides that damaged roads and
other infrastructure. Local police reported that at least 125
people were killed and Papua New Guinea's government in March
declared a state of emergency in the Hela, Southern Highlands,
Western and Enga provinces.
Oil Search said relief efforts in collaboration with the
government, and with support from Australia and New Zealand, was
ongoing.
It added that during the time the PNG LNG operations were shut
down, some maintenance work scheduled for April and October was
completed and planned modifications to the Hides gas-conditioning
plant were brought forward.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
April 12, 2018 21:05 ET (01:05 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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