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SPE.org 

Asia Pacific Santos discovered gas with the Corvus-2 well in the Carnarvon Basin, offshore Western Australia. The well, located in permit WA-45-R, in which Santos has a 100% interest, reached a total depth of 3998 m. It intersected a gross interval of 638 m, one of the largest columns discovered across the North West Shelf. Wireline logging to date has confirmed 245 m of net hydrocarbon pay across the target reservoirs. Total SA and partners ExxonMobil and Oil Search have signed a gas agreement with the government of Papua New Guinea that defines the fiscal framework for the Papua LNG project in the country's Eastern Highlands. The plan involves construction of three 2.7-mtpa LNG trains on the existing PNG-LNG plant site at Caution Bay just west of Port Moresby. Total has 31.1% interest, ExxonMobil has 28.3% interest, and Oil Search has 17.7%.

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