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OIL SEARCH STARTS STUDY FOR METHANOL OUTPUT IN PNG.
AsiaPulse News, July, 2003
MELBOURNE, July 24 Asia Pulse - Oil Search Ltd (ASX:OSH) has announced the signing of an agreement with Mitsubishi Gas Chemical Company Onc and Itochi Corporation of Japan to complete a feasibility study into methanol manufacturing.
Oil Search is examining how to use gas for methanol manufacturing in a bid to commercialise hard to access fields in Papua New Guinea.
"The study will review location and infrastructure requirements, and determine the funding and commercialisation options available for a methanol plant," Oil Search said.
Natural gas feedstock for the methanol facility would be supplied from the Kimu and Uramu gas fields, both Oil Search joint ventures.
The study is expected to be completed by the end of 2003.
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