Gulf Province could become PNG’s premier natural gas province; InterOil’s recently appointed senior vice president of Exploration, Laurie Brown, said at the recent 13th PNG Mining and Petroleum Investment Conference in Sydney.

 

In a newsletter released yesterday by the Chamber of Mines and Petroleum by executive director Greg Anderson; Ms Brown was quoted saying,"the Eastern Papuan Basin is one of the most exciting emerging provinces I’ve seen in over 30 years."

 

Currently, InterOil’s Elk-Antelope gas fields in Petroleum Retention Licence (PRL) 15 have a gas resource of at least 7-9 trillion cubic feet (tcf), making it the subject of PNG’s 2nd proposed LNG venture with partners Total Gas SA of France and Oil Search Limited.

 

InterOil, which is now cashed up after the sale of its Napa Napa refinery and a farm-out deal with Total, the company has been conducting one of the most intensive exploration programs ever in PNG in Gulf Province, its main focus area. MORE