PNG: InterOil Gets Statutory Approvals

InterOil Corporation said that the Joint Venture Operating Agreements (JVOA) relating to operations within Petroleum Retention License 15 and Petroleum Prospecting License 237 have been approved by the Minister for Petroleum and Energy and registered under the Oil and Gas Act.

As previously disclosed, InterOil has received bids from potential partners in connection with the development of the Gulf LNG project and an interest in the Elk and Antelope fields in Papua New Guinea.

Confidential negotiations with more than one bidder are ongoing, and the process is moving forward as planned, the company said.

[mappress]
LNG World News Staff, April 17, 2013