Exxon discovers new oil and gas reserves in PNG

THE energy giant Exxon Mobil has discovered new natural gas and oil reserves in Papua New Guinea’s Western Province and has begun evaluating the find. Exxon says it drilled almost 9000 feet into the earth at the P’nyang field, discovering “high-quality, hydrocarbon-bearing sandstone reservoirs. The find adds to the American company’s “rapidly growing inventory of […]

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