ExxonMobil has confirmed the presence of high-quality, hydrocarbon-bearing reservoirs after drilling the onshore P’nyang South-2 well in the Western Province of Papua New Guinea. Results are under evaluation by the company and its coventurers, which include operator Oil Search. Located in the 105,000-acre petroleum retention license 3, the well was drilled to a depth of 8,940 ft and reached hydrocarbon-bearing reservoirs in the Toro and Digimu sandstones, in line with predrilling expectations. ExxonMobil said the well confirms the southeast extension of the P’nyang field. Oil Search has a 38.5% interest in the exploration block, with ExxonMobil (49%) and JX Nippon (12.5%) holding the remaining stakes.
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