A find of global significance
PEAK has found a giant oil and gas bearing carbonate slope reservoir play in the New Ireland Basin of Papua New Guinea. Called the Exotica North Gas Prospect, it is one of the most significant and exciting energy discoveries in recent times because:
- For the first time ever, we have scientific evidence to prove that this type of petroleum play exists in PNG. The size of play is much larger than producing global analogues such as Poza Rica in Mexico.
- The play hosts the Exotica North Gas Prospect. PEAK’s conservative modelling indicates that the potential size of this Prospect easily ranks alongside other top-tier assets currently in production in PNG.
