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PNG LNG Project Over 90% Complete, First Gas Expected in 2H 2014

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Exxon Mobil Corporation's subsidiary Esso Highlands Limited (EHL), operator of the Papua New Guinea (PNG) LNG project, announced Monday that the project is more than 90 percent complete and is on schedule for first delivery of liquefied natural gas (LNG) during the second half of 2014.

“With more than 19,000 people currently working across the project, including more than 7,500 Papua New Guineans, we are making significant progress,” said Decie Autin, PNG LNG project executive.

“Antonov cargo aircraft operations into Komo airfield were completed Aug. 13, and installation of equipment delivered from Komo to the Hides Gas Conditioning Plant is currently under way.

“We have started the commissioning phase at the LNG plant in preparation for the first LNG production in 2014. This includes sending gas from Oil Search Limited’s Kutubu Central Processing Facility to the LNG plant to provide power and enable testing and commissioning of key facilities and equipment.

“Drilling at Wellpad B is complete, and the drilling rig is being moved to the next wellpad to support further drilling activity,” Autin said.

As forecasted last year, the estimated cost of the project remains at $19 billion (excluding Port Moresby administration facilities and shipping), reflecting disciplined project management in a unique and challenging working environment.

“ExxonMobil successfully develops projects around the world under a broad range of technical, operational and financial conditions,” Autin said. “The project has been able to maintain its schedule in PNG under unique and challenging circumstances. Our focus on disciplined project execution has allowed us to meet our scheduling commitments without further cost increases.”

EHL continues to assess and advance new expansion and development opportunities in PNG.

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