ExxonMobil sets sights on Elk/Antelope for PNG LNG expansion
ExxonMobil has started negotiations with InterOil over the Elk and Antelope fields. The proposed deal will involve ExxonMobil purchasing sufficient gas for an additional LNG train at its PNG LNG project and funding a four-well appraisal campaign to recertify the Elk/Antelope resource. The resource size is currently reported as between 7 tcf and 11 tcf. The consideration in any deal would be phased, and tied to appraisal, development and production milestones, which would mitigate the...