Rawson Oil and Gas has a 60% interest in APPL 550, Papuan Basin, Papua New Guinea.
The licence application is for a six year term, with a further 6 year renewal period
Existing Fly River platform licence holders and the PNG National Oil Company are exploring gas aggregation option to promote development - the Western forelands has approximately 2.0 to 2.5 Tcf gas 2C resource and P'nyang approximately 3.5 Tcf 2C resource
APPL 550 is well positioned to take advantage of gas aggregation development in the Western Province
APPL 550 Location Map