New Guinea Energy, Talisman discover hydrocarbons in Papua New Guinea

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Joint venture partners New Guinea Energy and Talisman Energy have made a new hydrocarbon discovery in the Forelands basin in western Papua New Guinea.

Preliminary logging results of the hydrocarbons discovered from the Siphon-1 exploration well show an 11m gross hydrocarbon interval in the primary Toro reservoir target and another 12m gross column in the overlying Elevala sand.

The company will carry out wireline logging to interpret the significance of the hydrocarbon indications, reports upstreamonline.com.

The Siphon-1 well is drilled in block PPL 269, which is equally owned by the joint venture partners.

Free Report

Carbon Capture, Utilization, and Storage set to play key role in reducing global emissions

Understand CCUS and its importance in reducing global emissions
Analyze CCUS plant trends
Gain insight from leaders in the Oil & Gas industry on implementation of CCUS projects

Download the report now to get ahead of this trend and make strategic investments.

By GlobalData

Marina Leiva

Marina Leiva is a senior reporter at Investment Monitor, where she specialises in the agribusiness sector. Previously, she reported on institutional investments in the UK, Ireland, France, Spain and Portugal for MandateWire at the Financial Times. She started her career in Spain, covering international affairs for Eldiario.es