InterOil Corporation (NYSE: IOC; POMSoX: IOC) has been advised by Total E&P PNG Limited, operator of Petroleum Retention License 15 in the Gulf Province of Papua New Guinea, that it has begun drilling the Antelope-6 appraisal well.
The well is designed to provide structural control and reservoir definition on the field’s eastern flank. It has a proposed total depth of around 2464 meters (8 084 ft) true vertical depth subsea and is located about 2 km east-south-east of Antelope-3.
InterOil holds a 36.5375% interest in the well. Total E&P PNG Limited has a 40.1275% interest, Oil Search has 22.8350%, and the remaining 0.5000% is held by minority parties.
Adapted from a press release by Louise Mulhall