Business Momase News

Madang To Embark On Drilling Exploration Of Oil And Gas

 By Jack Lapuve Jnr – EM TV, Port Moresby


Madang is the latest province to go into drilling exploration of oil and gas resources.

Madang Governor Jim Kas, says the province has half a chance of finding deposits.

He revealed this at the recent launch of the Bio diesel pilot project in Madang.

Madang province is situated on the northern coast of mainland Papua New Guinea and is about 300 kilometres long and 160 kilometres wide and also has four large, and many small offshore islands.

Madang totals 29,000 square kilometres in area.

Madang is Papua New Guinea’s second largest producer of cattle and third leading producer of cocoa and copra.

Madang is home to the Ramu Nickel Project, one of PNG’s biggest on-going development projects, also a representation of China’s largest Greenfield mining investment abroad. With a total reserve of 140 million tons of nickel including over 78 million tons that are proven and mineable; the project employs integrated processes including mining, concentration and refining.

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