InterOil: two rigs to work on Antelope appraisal

InterOil: two rigs to work on Antelope appraisal

InterOil Corporation said it has assigned one of its drilling rigs to join the Elk-Antelope appraisal program in Papua New Guinea.

The PRL 15 Joint Venture, which is operated by Total, will use a rig that InterOil has under contract with High Arctic Energy Services to drill the Antelope-6 appraisal well later this year, the company informed in a statement.

InterOil Chief Executive Michael Hession said that the appraisal is a key step for the Papua LNG project.

Hession also said InterOil has decided to defer its discretionary drilling program, including appraisal of the Raptor discovery until the Elk-Antelope appraisal program was complete.

He said the company also continued to streamline its operations and reduce costs after handing operatorship of PRL 15 to Total in July this year.

Image: InterOil

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