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InterOil Corporation Message Board

kencooksam 2 posts  |  Last Activity: Sep 29, 2014 3:43 PM Member since: Mar 3, 2008
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  • kencooksam kencooksam Sep 29, 2014 3:43 PM Flag

    Proposed construction in 2016 which is NEW!

  • Proper planning can reap billions
    Over the next few months, we expect to have increased confidence in the trains (or processing units) needed to develop the Elk-Antelope gas field in the
    Gulf Province.
    While we already know Elk-Antelope is Papua New Guinea’s biggest gas discovery,
    we are drilling two appraisal wells to get a more accurate picture of the field so we
    can build the right-sized facilities to maximise value for the nation.
    The field may be developed with two or more trains if the field is even bigger than we
    currently think it is, which will mean Papua New Guinea will get its second LNG
    project.
    Careful planning can mean billions of kina in extra revenue to the country and many
    thousands of jobs for Papua New Guineans.
    The nation has already earned a reputation for developing the world’s least-expensive
    LNG, which makes our gas highly competitive and sought after in Asian markets.
    Through careful appraisal of Elk-Antelope, we intend to build on that reputation by
    developing the gas fields, pipelines and LNG facilities that ensure the best financial
    returns to the nation and our shareholders.
    More than 400 people in the Elk-Antelope joint venture are already working in Port
    Moresby, Paris and Singapore on development plans for the project, which could be
    under construction from 2016.
    Properly managed, this project can secure PNG’s financial future for generations,
    providing critical funds for health care, education, roads, and other vital nation
    building services

IOC
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