Exxonmobil Announces successful Muruk sidetrack Production Test
Exxon Mobil Corporation (NYSE:XOM) announced positive production well test results from the Muruk 1 sidetrack 3 well in the Papua New Guinea North Highlands located about 13 miles (21 kilometers) northwest of the Hides gas field.
The well successfully flowed gas at a rate of 16 million standard cubic feet per day. The well rate was constrained by test facilities which limited tests to short flow and build-up periods. Hydrocarbon samples were collected during the production test.
“We are encouraged by these well test results and will integrate them into the ongoing resource evaluation work and potential appraisal program in 2018,” said Steve Greenlee, president of ExxonMobil Exploration Company. “The success at Muruk adds to a growing resource base in PNG, through focused exploration and ExxonMobil’s recent acquisition of InterOil. These high-quality resources position the PNG LNG project for a multiple-train expansion that will continue to provide a highly competitive cost of supply.”
The production test confirms Muruk as a potentially significant new discovery close to existing PNG LNG infrastructure.
Oil Search began drilling the Muruk 1 well on November 2, 2016.
Petroleum prospecting license 402 covers 126,000 acres (510 square kilometers) in the Papua New Guinea Highlands. Interest owners are ExxonMobil (42.5 percent), Oil Search Limited (37.5 percent), and Barracuda Limited, a subsidiary of Santos Limited (20 percent), with Oil Search as operator.
ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is the largest refiner and marketer of petroleum products, and its chemical company is one of the largest in the world.
This article was originally published on Marine & Industrial Report newspaper Vol 39 No.4 Issue last August 31, 2017.
