Oil Search boosts PNG presence at Elk-Antelope

Oil Search will this year become an LNG producer via its 29% holding in the PNG LNG project, but it had signalled for several months that it was preparing an acquisition to help enlarge its LNG imprint.

Before Oil Search’s move, the Elk-Antelope field in Block PRL 15 was owned by InterOil with a 75.6114% operating stake, the Pacific LNG Group Companies with a 22.835%