Jacobs Engineering Group (JEC), in a joint venture with Monadelphous Group has received a letter of intent from Oil Search (OISHY) to enter into a new proposed five year contract to provide engineering, procurement and construction services for oil and gas production facilities in the Highlands of Papua New Guinea. "The joint venture is expected to provide a wide range of brownfield project services, including engineering, procurement, civil, mechanical and electrical works on pipelines, utilities, facilities and supporting infrastructure," said the company.
Exxon Mobil Corporation (XOM) announced a new natural gas discovery in the Papua New Guinea North Highlands, 13 miles northwest of the Hides Gas Field. Interest owners are ExxonMobil, Oil Search Limited (OISHY) and Barracuda Limited, a subsidiary of Santos Limited, with Oil Search as operator. The Muruk-1 well encountered similar high-quality sandstone reservoirs as the Hides field and was in line with pre-drill expectations. It was safely drilled to 10,630 feet. Evaluation is underway to determine the size of the discovery. Oil Search began drilling the Muruk-1 well on Nov. 2, 2016. The well is located in petroleum prospecting license 402, which covers 126,000 acres.