From the latest OSH quarterly activity report (should be released some time today probably).
During the quarter, ExxonMobil entered into exclusive negotiations with InterOil and Pacific
LNG Group, regarding the development of PRL 15 in the PNG Gulf Province, which contains the
Elk and Antelope gas fields. The discussions are focused on InterOil and Pacific LNG selling
ExxonMobil sufficient gas to develop an additional LNG train at the PNG LNG Project site. We
are watching the progress of these negotiations with interest, as should this gas be brought
into the PNG LNG Project, it is likely that Oil Search will have an opportunity to participate in
this expansion.
This suggests that ether OSH does not know what is going on, or else XOM will only be purchasing enough gas for 1 train in the PNG LNG project.
Dont get your hopes too high for 2 trains at PNG LNG plant just yet untill we know more in a few days time.
From the same OSH report
Engineering scoping studies on the P’nyang gas field in PRL 3, focused on the potential use of
the gas to help underpin an expansion of the PNG LNG Project, are continuing. During the
quarter, additional seismic was acquired on both the P’nyang gas field (PRL 3) and Juha North
gas field (PDL 9), with the data to be used to gain a better understanding of the Highlands gas
resource potential and assist in potential development planning. Meanwhile, studies also
continue on other Highlands exploration opportunities in close proximity to the PNG LNG
Project area.
From this it looks like OSH still thinks they may be providing gas maybe one of the extra trains (3 or 4) to the PNG LNG project.
Please take from this whatever you think as this is not sufficient to draw any SOLID conclusions from as yet.