PNG'S OIL PRODUCTION CUT BY LANDSLIDE

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PORT MORESBY, Papua New Guinea (August 25, 2000 – Radio Australia)---Papua New Guinea's oil production will be cut by 10,000 barrels a day for possibly six weeks, while the operator of the Moran oil field assesses damage caused by a recent landslide in the area.

The operator has closed two of its four wells in the Southern Highlands.

The shut down has affected the entire oil field with only one pipeline carrying oil from the four wells to the processing facility.

The closure is expected to cost around $15 million dollars in lost production.

For additional reports from Radio Australia, go to PACIFIC ISLANDS REPORT News/Information Links: Radio/TV News/Radio Australia.

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