PRL 21, Elevala/Tingu and Ketu gas- concondensate fields,...

PRL 21, Elevala/Tingu and Ketu gas-
concondensate fields, Western Province, PNG
Further good progress was made in the quarter on pre-
development planning and regulatory aspects of the
project, including landowner, environmental and technical
matters.
Exploration and appraisal activity has increased in the
areas immediately to the north of Horizon Oil’s Western
Province gas fields, with the PPL 269 participants,
including Repsol, Santos and Oil Search, shortly to
commence drilling the Strickland-1 exploration well and
the P’nyang participants to commence drilling up to two
appraisal wells in Q4 2016, with total drilling costs likely to
be in the order of US$400-500 million.
The PRL 21 joint venture is also progressing planning for
a greenfield LNG project at Daru Island as its base case