InterOil Corporation announces that all participants in the PRL 15 Joint Venture have unanimously voted to appoint Total E&P PNG Limited as Operator of the PRL 15 Joint Venture.
The appointment will take effect in accordance with an operator transition plan and the terms of the Joint Venture Operating Agreement.
The appointment is subject to all necessary PNG Government approvals.
About PRL 15
Petroleum Retention Licence 15 (PRL 15), located in the eastern margin of the Papuan Basin in PNG
About InterOil
InterOil Corporation (NYSE: IOC; POMSoX: OC) is an independent oil and gas business with a primary focus on Papua New Guinea. InterOil’s assets include one of Asia’s largest undeveloped gas fields, Elk-Antelope, in the Gulf Province, and exploration licences covering about 16,000sqkm. The company employs more than 2,000 staff and contractors. Its main offices are in Singapore and Port Moresby. InterOil is listed on the New York and Port Moresby stock exchanges.