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>

<< May 2016 >>
MTWTFSS
25 26 27 28 29 30 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 31 1 2 3 4 5

CWC’s 14th World LNG Series: Americas Summit & Exhibition

The World LNG Series: Americas Summit & Exhibition, now in its 14th year, is the forum of choice…

read more >

Colombia Oil & Gas Conference

The event is a platform for national and international players to meet with Colombian government representatives…

read more >

LNG Fuel Forum North America

LNG Fuel Forum North America highlights marine LNG fuel supply, regulation and conversion experiences…

read more >

APPEA Conference & Exhibition 2016

The APPEA Oil and Gas Conference & Exhibition is the largest annual upstream oil and gas event in the southern hemisphere…

read more >