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Production being restored at PNG operations

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According to Reuters, Oil Search Ltd has announced that it is restoring production of oil and condensate at its Papua New Guinea operations, as storage tank space becomes available.

The company has reportedly said that priority will now be given to restoring production from its PNG LNG operations.

After damage was caused to its mooring system in mid-August, Reuters claims Oil Search cut back production from the oil fields it operates due to limited storage capacity in its liquids export system. The cause of the damage has not been disclosed.

According to Reuters, the operator of the PNG LNG project, Exxon Mobil Corp., also partially decreased its production.

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