Oil Search Disputes InterOil PNG Deal

Oil Search said that it has, via the Pacific LNG Group Companies that were acquired by the company on 12 March, issued a notice of dispute to an InterOil Corporation entity (SPI (208) Limited) pursuant to the Elk/Antelope PRL 15 Joint Venture Operating Agreement.

The dispute relates to the transaction announced by InterOil on 26 March whereby SPI (208) Limited purports to have assigned an interest in the Elk/Antelope Project Area PRL 15 to Total Holdings International B.V., the company said in a statement.

Press Release, March 28, 2014; Image: InterOil