ExxonMobil Announces New Gas Discovery Offshore Papua New Guinea
ExxonMobil says the Muruk-1 well has encountered “high-quality” sandstone similar to the Hides field ExxonMobil (ticker: XOM) announced a new natural gas find Wednesday off the coast of Papua New Guinea. The Muruk-1 well encountered “high-quality” sandstone reservoirs similar to those at Hides field. The Muruk-1 was drilled to a depth of 10,630 feet 13 miles northwest of the Hides Gas