Supermajors to talk turkey in PNG

Joint venture partner to both supermajors Oil Search said today that once ExxonMobil’s entry into the PRL 15 joint venture has been confirmed via the completion of its takeover of InterOil, then "we anticipate that talks will commence with Total about possible co-operation and integration of the next phase of LNG development".

The PRL 15 permit contains the large undeveloped Elk-Antelope gas resource, currently owned by Total, Oil Search and InterOil, and associated with the greenfield Papua LNG project.

ExxonMobil's