Total To Spend Up To $3.6B For Papua New Guinea LNG Fields
The petroleum retention license at play covers the Elk-Antelope fields in Papua New Guinea's Gulf Province, worth between $1.5 billion and $3.6 billion, depending on how much recoverable gas can be ascertained. InterOil said the formation contained between 5.4 trillion and 9 trillion cubic feet of hydrocarbon gas equivalent.
“Following Total’s entry into exploration in Papua New...
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