The Texas-based explorer announced on Friday that it had selected French supermajor Total to partner in the major gas development planned for the fields.
Under the deal, Total will acquire a 61.3% stake in petroleum retention licence 15, containing the Elk-Antelope gas fields in the Gulf province of PNG.
It has also been granted an exclusive right to negotiate a farm-in to all of InterOil’s other exploration licences in the island nation.
InterOil
