Project Profile
Location: onshore, Papua New Guinea
Licence duration: 6 years
In March 10, 2014 InterOil (later acquired by ExxonMobil) had started drilling the Wahoo-1 exploration well in Papua New Guinea following approval by the Papua New Guinea Department of Petroleum and Energy. Wahoo-1 was the second of four exploration wells InterOil planned to drill in the Gulf Province. Additionally, InterOil intended to drill up to four appraisal wells on the Elk-Antelope and Triceratops discoveries under a US$300 million exploration and appraisal program. The drilling program was one of the largest in Papua New Guinea and was part of InterOil\'s exploration of four new petroleum prospecting licenses (\"PPL\") granted by the Government of Papua New Guinea.
ExxonMobil acquired InterOil Corporation in February 2017. Later in the year, Oil Search farmed into the licence with 30% interest.
Operators:
ExxonMobil: Operator with 70% interest
Oil Search: 30% interest
Contractors:
CGG: Contract to undertake a seismic and airborne gravity survey to assess the hydrocarbon potential of the acreage.