InterOil Corporation advises that the International Chamber of Commerce arbitration panel has dismissed all claims by the PAC LNG companies, affiliates of Oil Search Limited, to pre-emptive rights over ashare sale and purchase agreement involving an interest in the Elk-Antelope gas field in Papua New Guinea.

The Tribunal has declared that Total E&P PNG Limited is a party to the Petroleum Retention Licence 15 (PRL 15) Joint Venture Operating Agreement.

The panel delivered its award on February 10, 2015. InterOil looks forward to the continued development of the Elk Antelope LNG Project with Oil Search and Total SA.

Tags: InterOil Corporation