By LNG World News Horizon Oil said it has increased its interest in the total certified resources contained in Papua New Guinea’s Western Foreland fields of 2.0 – 2.5 tcf gas and 60 – 70 mmbbl of condensate to about 28 percent.
The company and partner Repsol now operate all the licenses and hold 70 percent of the total gas resource to be aggregated to underpin the proposed 1.5 million tons per annum (mtpa) Western LNG project, facilitating the planned multi-licence development.
The company advised in January 2017 that it had acquired a 50 percent interest in, and operatorship of, PRL 28 (Ubuntu field) adjacent
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