http://www.oilsearch.com/Media/docs/151020%20Quarterly%20report%20to%2030%20September%202015-54cb08b2-9f90-4a46-9da8-6e6c97108831-0.pdf

Papua LNG (Elk-Antelope) development activities “Appraisal of the Elk-Antelope field continued during the quarter with the spudding of Antelope 4 ST1. The well is presently at a depth of 1,940 metres and is preparing to run casing prior to drilling ahead into the reservoir. An extensive testing programme is planned once it reaches total depth. Antelope 6, to be located in the eastern part of the field and operated by Total, is expected to spud in the fourth quarter of 2015. Joint venture discussions continued on the financing structure for the Papua LNG Project and preparations are underway for more detailed geotechnical surveys at the selected facility sites. During the quarter, Oil Search seconded community affairs personnel to the Project, to support Total in engagement with the local communities. Preparations for an independent gas certification, as required under the sales and purchase agreement between Oil Search and Pacific LNG, have commenced, with completion targeted for the second quarter of 2016. Confirmation of the resource size will enable the selection of the final development concept, including the decision on a one or two train development, to take place.”

• The PNG LNG Project operated at an annualised rate of approximately 7.4 MTPA during the quarter, 7% above nameplate capacity, delivering high-value incremental volumes of LNG and condensate to the joint venture.

....The PNG LNG Project performed well above the nameplate capacity of 6.9 MTPA, operating at an annualised rate of approximately 7.4 MTPA during the quarter and reaching higher daily rates on test. Demand for the Project’s spot volumes remained robust, reflecting the proven reliability of the plant and the high heating value of the gas relative to LNG projects globally, making it well suited to regional Asian reticulation networks. Since start-up, the Project’s contract customers have purchased more than 80% of the Project’s available spot cargoes....