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Exxon says earthquake to knock out PNG LNG project for eight weeks

Published 03/05/2018, 08:08 AM
© Reuters.  Exxon says earthquake to knock out PNG LNG project for eight weeks
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  • Exxon Mobil (NYSE:XOM) says it will take about eight weeks to restore production at the Papua New Guinea liquefied natural gas project following last week's earthquake.
  • XOM says it has evacuated 300 non-essential personnel and is restoring camp facilities at the Hides gas conditioning plant.
  • Project partner Oil Search Ltd. (OTCPK:OISHF) says the Agogo production facility and the Moran field are the most affected by the quake, and major repairs will be required before production can restart.
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