ExxonMobil has new exploration results in Papua New Guinea

Exxon Mobil Corporation announced positive results on the Muruk-1 sidetrack well in the Papua New Guinea North Highlands, 21 kilometers northwest of the Hides gas field.
The Muruk-1 sidetrack well encountered high-quality sandstone reservoirs southwest of the Muruk-1 natural gas discovery announced in late 2016. The sidetrack well was safely drilled to 4,130 meters.
Oil Search began drilling the Muruk-1 well on Nov. 2, 2016, while petroleum prospecting license 402 covers 510 square kilometers in the Papua New Guinea Highlands.
The field interests belong to ExxonMobil (42.5 percent), Oil Search Limited (37.5 percent) and Barracuda Limited, a subsidiary of Santos Limited (20 percent, subject to regulatory approval), with Oil Search as operator.