InterOil*s Petroleum Retention License Granted (Papua New Guinea)

InterOil Corporation, today announced that it has been granted Petroleum Retention License (PRL) No. 15, covering blocks including and surrounding the Elk and Antelope fields, unifying the fields into a single license separate from our exploration acreage and specifying minimum work commitment activities over the next five years.

Phil Mulacek, CEO of InterOil, commented: “Grant of the PRL demonstrates commitment from the Government of PNG emanating from our past record, as well as confidence in InterOil’s forward capabilities. Furthermore, the PRL organizes the fields in a way that will be helpful for partnering while allowing us to advance our condensate and LNG plans.”

A petroleum development license, for which application has not yet been made, and further government approvals will be required before commencement of construction or commercial production of hydrocarbons.

Source: InterOil , December 3, 2010;

Share this article

Follow LNG World News

Events>

<< Apr 2015 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

China LNG International Summit 2015

CWC Group and IPCE are delighted to announce the inaugural China LNG International Summit…

read more >

Fundamentals of LNG

Operational and commercial essentials of the Liquefied Natural Gas sector from IBC Academy…

read more >

FLNG Fundamentals, Design & Technology 2015

A comprehensive all-in-one course addressing technical, commercial & operational aspects in establishing an FLNG facility, with a focus on…

read more >

LNG Pricing, Trading & Risk Management: 2-Day Training Program

This course will provide you with a solid, working knowledge of how to: 1) Build LNG price curves; 2) Price and structure long-term LNG…

read more >