Working in a partnership with Australian and Japanese partners, Exxon Mobil said new hydrocarbons were found while drilling in gas-rich Papua New Guinea. A regional affiliate of Exxon is working in a partnership with Oil Search and JX Nippon at the P’nyang South asset. Oil Search started drilling in the petroleum license in October and Exxon said it could finally declare a discovery of hydrocarbons that extends the boundaries of an existing field. Exxon already works with the government of Papua New Guinea on plans to develop the gas discovered in the P’nyang field, situated in the country’s Western Province. The new discovery adds to the potential for natural gas and liquefied natural gas. “We are currently […]