Elk-Antelope independent certification begins

This development is in line with the agreement between Oil Search and the Pac LNG Group Companies relating to Oil Search’s acquisition of its interest in PRL 15 in early 2014.

Netherland Sewell and Associates and Gaffney Cline and Associates have both been engaged for the certification, which is expected to take a maximum of 120 days.

“A key priority for the Papua LNG Project co-venturers, and the PNG Government, is to confirm the size of the resource and move seamlessly into the development phase, as soon as possible,”? said Oil Search Managing Director Peter Botton.

“Oil Search looks forward to the results of the certification, which will provide the first independent assessment of resource size following the recent appraisal activity, facilitating the selection of the final development concept for Papua LNG.”?

Joint venture interests in PRL 15 are Total (operator, 40.1 per cent), InterOil (36.5 per cent), Oil Search (22.8 per cent) and minorities (0.5 per cent).

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