Rawson Oil and Gas has a 60% interest in PPL 549, North New Guinea Basin, Papua New Guinea.
The first phase of the PPL 549 exploration work program has identified the carbonate platform and previously identified reef locations
The first well commitment in the licence is due in the fourth year (2020).
PPL 549 covers 4984 km2 and hosts a number of mapped oil seep sites, demonstrating the presence of an effective petroleum source
Previous exploration efforts have mapped reefal anomalies from seismic data and in our view, they are very attractive exploration targets.
These reefs appear analogous to the major reefal carbonate reservoirs of the large producing fields of the Salawati Basin and have yet to be drilled
PPL 549 Location Map