ExxonMobile
ExxonMobile announces high-quality, hydrocarbon-bearing reservoirs from P’nyang South-2 well
ExxonMobil Corp. late Monday, January 15, announced that it encountered hydrocarbons after drilling the onshore P’nyang South-2 well, located in the Western Province of Papua New Guinea. “We are currently evaluating the well results and together with our co-venture partners will assess the P’nyang field resource potential and development pathway,” Liam Mallon, president of ExxonMobil Develop Co., said in a written statement. “We will work with the government of Papua New Guinea as we undertake this work.” According to ExxonMobil, Oil Search began drilling the P’nyang South-2 well on Oct. 22, 2017. The well is located in petroleum retention license 3, which covers 105,000 acres (425 square kilometers). The well was safely drilled to 8,940 feet (2,725 meters), reaching high-quality, hydrocar...