EXPLORATION

Papua LNG JV mulls new well

INTEROIL says that a new Antelope appraisal well being considered on the western flank of the Papua New Guinean field could see its expected reserves payment from Total expanded by as much as $C400 million ($A401 million) to $1.2 billion.

That expansion is predicated on the discovery of proving up 1-3 trillion cubic feet of gas for the Papuan LNG project, but would be a major windfall for the company, effectively covering its expected cash...

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