Project Profile
Value: US$100-150 million (estimate)
Location: 30km north-west of Elk-Antelope, Papua New Guinea
Depth: 3,207 metres
Drilling Start-up: 2014
The Exploration licence PPL 476 is located in Papua New Guinea and contains the Bobcat -1 well. InterOil continues to drill in the Orubadi shale, towards the Kapau Limestone target zone. Bobcat-1 is about 30 km northwest of InterOil’s multi-trillion cubic feet Elk-Antelope gas field. InterOil holds a 78.1114% interest in the well and is the operator. The remaining 21.8886% interest in the well is held by minority parties.
Operators:
InterOil: Operator with 78.114% interest
Minority parties: 21.886% interest
Contractors:
CGG: Land seismic and an airborne gravity survey by InterOil Corporation to assess the hydrocarbon potential. CGG’s airborne group is to conduct a large FALCON Airborne Gravity Gradiometer (AGG) survey to acquire 11,000 line km of high-resolution data with fixed-wing aircraft and 25,700 line km using rotary-wing aircraft, better suited to acquiring high-resolution measurements in the rugged terrain. CGG will deploy 2,100 Sercel UNITE cable-free channels and autonomous seismic source technology during the two-part survey which is due to start in January and end in August 2015. CGG’s Bangkok imaging center will process the land seismic data as part of the integrated service CGG is offering InterOil.
Subcontractors: