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INCREASED SALE OF PNG GAS TO WMC (OLYMPIC DAM CORP.)
Port Moresby - Esso Highlands Limited, a subsidiary of Exxon Mobil Corporation, as operator of the
PNG Gas Project, today announced that the Project Owners have agreed with WMC (Olympic Dam
Corporation) Pty Ltd to amend the commercial terms in the conditional agreement for the sale gas
signed in December 2003.
Under the revised terms, the agreement covers the sale of gas over a period of 20 years from Project
start-up. Total quantities will now be up to 30 petajoules per year. Previously, the agreement had been
for quantities between 12-20 petajoules per year. The sale remains subject to successful feasibility
studies by WMC.
The gas is to be supplied to Olympic Dam in South Australia for liquid fuel replacement and gas fired
power generation.
The PNG Gas Project Owners are ExxonMobil (Esso Highlands Limited as project operator), Oil
Search, MRDC (a PNG company representing landowner interests) and Nippon Oil Exploration
Limited.
Media Contact: Chris Welberry ph 03 9270 3443 mobile 0438 080 998