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>

<< Sep 2015 >>
MTWTFSS
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 4

2015 North American NGV Conference & Expo

The event gathers North America’s leading policy makers, fleet operators, fuel station owners, OEMs and technology companies to discuss new opportunities…

read more >

Fundamentals of LNG

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

read more >

Gas Mexico Congress & Exhibition

Gas Mexico Congress & Exhibition connects the natural gas community across the Americas by providing a forum at which business and technical…

read more >

7th World LNG Series: Asia Pacific Summit 2015

The World LNG Series: Asia Pacific Summit is the largest international strategic LNG Summit in the Asia Pacific region…

read more >