Equipment
p. 46 · Read in the full issue
£200,000 In New
Going to Papua for Oil Search
THE report of Oil Search Ltd., issued on October 17, was as follows: Australasian Petroleum Co. Pty. Ltd. is engaged in active preparations for the drilling campaign, which is shortly to commence in Papua.
A quantity of drilling equipment, amounting to about 1,100 tons, has been shipped from the U.S.A., and is expected to arrive in Port Moresby in November.
In addition, about 100 tons of equipment will arrive from the United Kingdom.
The company has bought a special shallow-draught coastal vessel to convey the drilling plant to the site. To enable the company to handle heavy lifts, cranes have recently been purchased in Sydney, with a capacity up to 10 tons.
The final cost of the drilling equip ment delivered to site will be approxi mately £200,000 (Australian).
Although the outbreak of war may cause some dislocation regarding over seas shipments the drilling programme will be pushed ahead with all speed.