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InterOil Corporation receives statutory approvals


Published Apr 17, 2013
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Interoil ELK-4 well in PNG establishes a gas flow rate of 63 mmscf/d

InterOil Corporation reported that the Joint Venture Operating Agreements (JVOA) relating to operations within Petroleum Retention License 15 and Petroleum Prospecting License 237 have been approved by the Minister for Petroleum and Energy and registered under the Oil and Gas Act.

As previously disclosed, InterOil has received bids from potential partners in connection with the development of the Gulf LNG project and an interest in the Elk and Antelope fields in Papua New Guinea. Confidential negotiations with more than one bidder are ongoing, and the process is moving forward as planned. InterOil will provide further comment once these discussions have closed and an agreement has been reached.

Tags: InterOil Corporation



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