Rawson Oil and Gas has a 60% interest in PPL 391, North New Guinea Basin, Papua New Guinea.
The Matapau oil accumulation in PPL 391 has been largely ignored for the last 50 years, yet offers the potential of a short transition into production on the back of testing the shallow reservoir with a low cost 'twin' slim hole
The Matapau wells are located only one kilometre from the coast, with the original machinery access track still serviceable, providing good access for light weight drilling and production equipment
Our oil sampling campaign collected a good quality API oil, suggesting lower than expected biodegration indicating continual charge into the reservoir
Local villagers have been collecting small volumes of oil from the Matapau wells for approximately 70 years
Rawson has executed the decision to top-file the existing PPL 391 to secure a new 6-year licence term - award is expected in early-2018
PPL 391 Location Map