Oil Search woes in Papua New Guinea throw spotlight on Alaska

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Oil Search woes in Papua New Guinea throw spotlight on Alaska
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  • 📰 Reuters
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With a giant gas project expansion in the tropical highlands of remote Papua New...

), and has been a key player behind a plan to unite the two projects and double the country’s LNG exports.

One hurdle was resolved last week when the state backed down from a bid to overhaul terms with Total, but talks with Exxon to develop the P’nyang gas field, which the companies had hoped to seal by June, are yet to happen. Beefing up its small staff in Alaska, the company has hired a Trump administration official who oversaw oil and gas drilling on U.S. federal lands as its external affairs head.

Consultants Wood Mackenzie like the project but are more skeptical about the timing because drilling in Alaska is restricted to the winter months, and delays of a month or two can set work back by a whole year.

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