Scandoil  

InterOil to increase interest in Triceratops and Raptor


Published Nov 6, 2015
[an error occurred while processing this directive]

Edit page New page Hide edit links

InterOil Corporation-2

InterOil Corporation will increase its interest in two key licenses following the withdrawal of Pacific Exploration & Production Corporation ('Pacific') from Papua New Guinea.

The withdrawal of Pacific, formerly Pacific Rubiales Energy Corp., is consistent with its strategy of focusing on Latin America.

As a consequence of Pacific's withdrawal, InterOil will increase its interest in PRL 39, which contains the Triceratops discovery, and also in PPL 475, which contains the Raptor discovery.

InterOil Chief Executive Dr Michael Hession thanked Pacific for its support as a joint venture partner and for its investment in the discovery and appraisal of resources in Papua New Guinea.

'We are pleased we will now own more than 78% of the Triceratops and Raptor discoveries,' he said.

Tags: InterOil Corporation




Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml