PPL 549

PPL 549 - (Rawson Oil and Gas 60%, Operator)

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

  • Current work is focusing on delineating the interpreted carbonates from the surrounding volcanics.  Our North Coast well-failure analysis indicates this is the main reason for failures when targeting carbonates in the region
  • 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

  • The Salawati Basin, in Irian Jaya, holds an estimated 475 mm boe of proven hydrocarbon reserves and has been producing oil and gas since the 1930’s.

PPL 549 Location Map