April 16, 2015
Staff share knowledge at oil and gas workshops
March 17, 2015
InterOil announces positive 2014 results
February 27, 2015
TOTAL appointed Operator of PRL 15 Joint Venture
April 8, 2015
Rural hospital receives boat
March 13, 2015
Former Singapore Power CFO joins board
March 3, 2015
Supporting the fight against HIV-AIDS
February 18, 2015
Cooperating to fight malaria in Gulf Province
From the Chief Executive Officer
Priorities for value creation
Value creation for InterOil is driven by developing the world’s lowest cost, new-build LNG project and by targeting at least 17 trillion cubic feet of gas equivalent in our world-class Papua New Guinea licenses.
Independent cost analysis shows that Elk-Antelope ranks first among potential new build LNG projects, a critical competitive advantage for a project on the doorstep of the world’s biggest LNG market.
Further, InterOil’s internal assessment of its exploration portfolio over the past year indicates that we have potential for about 8 trillion cubic feet of gas equivalent in our Bobcat, Raptor and Triceratops discoveries as a gross, unrisked, contingent resource and about 9 trillion cubic feet of gas equivalent as a gross, unrisked, prospective resource at Wahoo and Antelope South, previously known as Antelope Deep.
This potential resource is additional to the giant Elk-Antelope field.
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.
As well, InterOil is planning a busy exploration and appraisal program over 2015-16 to prove up its gas resources and to high-grade and rank a further 35 leads across our licenses.
We have an exciting story and an exciting future that is built on a fantastic asset base, a well-funded and focused strategy and a first-rate, experienced team.
We look forward to another busy year.
Dr. Michael Hession