InterOil: drilling begins at Triceratops-3

InterOil Corporation informed it has started drilling the Triceratops-3 appraisal well in Petroleum Retention License 39 in the Gulf Province of Papua New Guinea.

Triceratops-3 targets additional volumes north-west of previous appraisal wells. A potential tie-back candidate to Elk-Antelope, Triceratops-3 is about 5.6 kilometers west-north-west of Triceratops-1 and 35km north-west of Elk-Antelope, the company informed in a statement.

InterOil holds a 69.09% interest in the well and is operator. Pacific Rubiales Energy holds a 12.9% interest in the well with the remaining 18.0037% held by minority interests.

The company reported earlier that in 2015, it is scheduled to select a preferred development concept and begin front-end engineering and design for the LNG plant project.

LNG World News Staff; Image: InterOil