SPR Welcomes PNG's Stance on Unconventional Hydrocarbons Development

South Pacific Resources Ltd. welcomed comments by Papua New Guinea's (PNG) Minister for Petroleum and Energy Ben Micah Thursday confirming the government's commitment to develop unconventional hydrocarbons industry in the country.

"In doing so, and in confirming the reservation of significant license areas, the Minister is fulfilling the State's previous commitments made to South Pacific Resources Ltd. in acknowledgement of the Company being the first mover in shale gas in PNG," the firm said in a press release.

The company also found it encouraging that Minister Micah has confirmed that PNG state-owned Kumul Petroleum Holdings will be heavily involved in the country's shale gas industry as South Pacific Resources has been in discussion with Kumul on the subject for some time.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
 Company: South Pacific Resources Ltd. (South Pacific)more info
 - PNG Awards 5 Unconventional Exploration Licenses to South Pacific Resources (Jul 4)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Wood Group Engineers to Carry Out Sakh... (May 22)
 -  Sentinel Marine Takes Delivery of New ... (May 22)
 -  Schlumberger Signs MoU with Saudi Aram... (May 22)
 -  BP Staff Raise Money for 4 Charities w... (May 19)
 -  Norwegian Production Drops Month-on-Mo... (May 19)


Most Popular Articles

From the Career Center
Jobs that may interest you
Logistics Analyst I (Road) - Direct Hire
Expertise: Logistics Management
Location: Houston, TX
 
Logistics Analyst II (Road) - Direct Hire
Expertise: Logistics Management
Location: Houston, TX
 
Safety Specialist located in Madison, MS
Expertise: Regulatory Compliance
Location: Madison, MS
 
search for more jobs

Brent Crude Oil : $53.61/BBL 2.09%
Light Crude Oil : $50.33/BBL 1.98%
Natural Gas : $3.26/MMBtu 2.51%
Updated in last 24 hours