Antelope-5 spuds in Papua New Guinea

December 23, 2014

InterOil Corporation has started drilling the Antelope-5 appraisal well in Petroleum Retention License 15 in the Gulf Province of Papua New Guinea.

The latest well is part of what the firm describes as one of the largest drilling programs in Papua New Guinea's history on one of the largest gas discoveries in Asia-Pacific in 20 years.

InterOil, whose chairman is ex-BG Group CEO Chris Finlayson, is working to develop the field and bring gas to market in Asia via an LNG project with joint venture partners French oil major To InterOil, whose chairman is e

x-BG Group CEO Chris Finlayson, is working to develop the field and bring gas to market in Asia via an LNG project with joint venture partners French oil major Total and Australia's Oil Search.

Antelope-5 is about 1.8km from Antelope-3 and will appraise the western extent of the Elk-Antelope field.

The well is part of a 3-well exploration campaign in 2014, to be followed by a five-well exploration and appraisal campaign up to mid-2015. 

Total holds 40.1% interest in PRL 15, with InterOil holding 35.5%, and Oil Search holding 22.8%. A further 1.6% is held by indirect participating interests. 



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