ExxonMobil PNG, operator of the PNG LNG project, said that the Hides F1 (Hides Deep) well has reached a total depth of 4,633 metres.
Substantial sand intervals were encountered in the exploration target, the Koi-Iange interval, but formation evaluation information confirms that the sands are water-bearing, the company said in a statement.
The exploration component of the well will now be abandoned and the development section completed as a gas producer for the PNG LNG project.
Image: OilSearch