Minister for Petroleum and Energy, Nixon Duban has announced that the National Executive Council has approved his submission to develop the Stanley Gas Condensate Field in Western Province.
This approval will enable project execution to begin after the Development Forum, which is designed to gather and consider the views of local stakeholders in the project and will be convened shortly.
The submission includes the recommendation of technical aspects of the project, and sharing of benefits that will accrue to landowners in the field and pipeline area.
The project will be developed by a joint venture composed of subsidiaries of Talisman Energy of Canada, Horizon Oil Limited of Australia and Osaka Gas and Mitsubishi Corporation of Japan.
The project will produce 140 million cubic feet of gas per day.
In association with this, the implementation of a planned rural electrification scheme will deliver reliable, lower cost clean power to approximately 50,000 people in the area.
Minister Duban is pleased that the new oil and gas field will be developed for Western Province and PNG to benefit.
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