Nov 25, 2015
InterOil presentation update
Nov 13, 2015
InterOil drilling and Q3 2015 update
Oct 22, 2015
InterOil Turagus off to Singapore 7s
Oct 19, 2015
Second rig to join Antelope appraisal
From the Chief Executive Officer
Papua LNG – a big step forward
The Elk-Antelope LNG project in Papua New Guinea has entered basis of design, a significant step following site selection for the development and the choice of a project name.
The project partners – Total, InterOil and Oil Search – have unanimously agreed that central processing facilities for the Elk-Antelope field, on which the project is based, will be near the Purari River in the Gulf Province, about 360km north-west of Port Moresby, and will be connected to the LNG facility by onshore and offshore gas and condensate pipelines.
Caution Bay near Port Moresby has been selected as the site for Papua New Guinea’s second liquefied natural gas plant.
The partners have also chosen Papua LNG as the project name in recognition of the importance that the Gulf and Central provinces play in developing the resource for the benefit of all Papua New Guineans.
With Total now appointed as operator of the Elk-Antelope LNG project, the joint venture is on track to select a development concept by mid-year, begin detailed engineering by year end, and to take a final investment decision in 2017.
Both provinces stand to benefit greatly through jobs and training and investment in roads, health and education facilities.
Over the coming months, Papua LNG, which will be operated by Total SA, will further define site locations and pipeline corridors as part of project development.
Selection of the final development concept, including the size and capacity of facilities, is expected in early 2016 when appraisal of the Elk-Antelope field has been completed.