Oil Search had released a statement on August 3, 2012, which detailed a minor spill that took place at the Kumul Marine offloading terminal. A "small release of oil", said Oil Search, was seen on the sea surface next to the terminal during the loading of a tanker on July 26, 2012. Loading operations were suspended on the same day.
Production from the PNG oil fields remain largely shut-in on Friday, with current output at around 5,000 barrels per day, Oil Search said in a statement.
Oil Search is PNG's largest oil and gas producer and the company operates all of PNG's producing oil and gas fields. The company holds a 60.05 percent interest in the permits petroleum development licence-2 (PDL-2) and pipeline licence-2 (PL-2). Oil Search stated on its website that as of December 31, 2011, the onshore PDL-2 permit has remaining recoverable reserves of 27.3 million barrels of 45 degree API light, sweet crude.
The other stakeholders of PDL-2 are: ExxonMobil (14.52%), Merlin Petroleum Company (18.69%) and Petroleum Resources (Kutubu) (6.75%). (Source: Rigzone)