Santos Ltd reported that it had reached an agreement to farm-in to five Papuan Basin licences, held by Oil Search Ltd and ExxonMobil PNG Ltd, on 9 November 2017.Â  Santos will be acquiring a 20% interest in exploration licences PPL 395, PPL 464, PPL 487 and PPL 545 and in exploration application APPL 507, which is pending ministerial grant.Â   The five areas lie between the Hides and PâNyang gas fields, along a trend that is being explored for additional gas resources.Â  Santos had previously farmed into PPL 402, in the same area, and reported that its more recent farm-in brings alignment of interests across this trend. Within PPL 402 the Muruk gas discovery was made post-Santosâ farm-in, in mid-2017.Â  This will be appraised in early 2018. Additional wells are being planned in the additional five blocks, with Blucher 1 being outlined as a potential drill target for 2018, within PPL 395.
Papua New Guinea (Papuan Fold Belt (Papuan B.)) (It's a petroleum rights. Please summarize by yourself). In IHS database: PPL 487 op. by EXXONMOBIL (50.0%, OIL SEAR P 50.0%) to be check.APPL 507 op. by OIL SEAR P (50.0%, EXXONMOBIL 50.0%) to be check.PPL 464 op. by OIL SEAR P (50.0%, EXXONMOBIL 50.0%) to be check.PPL 545 op. by OIL SEAR P (40.0%, EXXONMOBIL 40.0%, JX HOLDG 20.0%) to be check.PPL 402 op. by OIL SEARCH (37.5%, EXXONMOBIL 42.5%, SANTOS 20.0%) to be check.PPL 395 op. by OIL SEAR P (50.0%, EXXONMOBIL 50.0%) to be check.