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  • indoreservoir indoreservoir Feb 27, 2013 5:29 AM Flag

    Other bidders - ENI, Chevron?

    InterOil sets deadline for final PNG bids
    By Russell Searancke / Upstream
    31 January 2013 23:59 GMT
    .The InterOil-led Gulf liquefied natural gas project in Papua New Guinea has set a deadline for final binding bids to be submitted by companies keen to join.

    The project must introduce a recognised international operator in order to receive the PNG government’s approval to proceed.

    Final bids are due on 28 February. InterOil chief executive Phil Mulacek said: “We are pleased to have the continued support of the PNG government.

    “The interest demonstrated by major oil, national oil and global utility companies remains strong, and bodes well for the conclusion of our sell down of interest in the Elk and Antelope fields and partnering in the Gulf LNG project.”

    It is understood Shell, Chevron, Eni and possibly Total, as well as some national players have expressed an interest. The project involves a single onshore LNG train of 3.8 million tonnes per annum coming on stream in 2016, followed by a second train.

    Sentiment: Strong Buy

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