ExxonMobil is in exclusive talks with US independent InterOil about the development of the Elk and Antelope onshore gas fields in Papua New Guinea (PNG), to use the gas for an additional train at the major’s $19bn two-train 6.9mn t/yr PNG LNG venture that is due to start up next year. InterOil says it is in talks with ExxonMobil to sell the major an interest in its petroleum reten- tion lease 15 (PRL 15). InterOil says if a transaction is concluded payments would be done in stages before and after production starts from Elk and Antelope.
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