InterOil Corporation said that all participants in the PRL 15 Joint Venture have unanimously voted to appoint Total E&P PNG 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, InterOil said in a statement.
Total E&P PNG has recently been declared a party to the PRL 15 Joint Venture operating agreement, by the International Chamber of Commerce arbitration panel.
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Image: InterOil