ExxonMobil found a new hydrocarbon source in Papua New Guinea

According to a company brief, ExxonMobil keeps its pace in finding new natural resources in Papua New Guinea, encountered hydrocarbons after drilling the onshore P’nyang South-2 well, located in the Western Province of Papua New Guinea.
The well was safely drilled to 2,725 meters, reaching high-quality, hydrocarbon-bearing reservoirs in the Toro and Digimu sandstones, consistent with pre-drilling expectations. The well confirms the southeast extension of the field.
Oil Search began drilling the P’nyang South-2 well on Oct. 22, 2017. The well is located in petroleum retention license 3, which covers 425 square kilometers.
ExxonMobil affiliates operate the license with a 49% interest in the block. Affiliates of Oil Search, drilling operator, have a 38.5% interest and JX Nippon has 12.5% interest.