Post Courier: Interoil to start drilling shortly

[Palm]

Anyone who has signed up for Post Courier may be able to post the whole story.  But headline is this in today's Post Courier:

"InterOil to start drilling

OIL and gas company, InterOil Corporation, announced that it will shortly begin drilling the first of up to eight wells in Gulf Province as part of a US$325 million (K816 million) drilling program."

[Libtardius Maximus]

Nice Palm, thanks for the legwork

[Libtardius Maximus]

I have read the article but cannot post it here, states IOC, in a "paid statement" said...

I think this is sort of a big deal

[Palm]

Interesting. "Paid statement"? What does that mean?

[Libtardius Maximus]

Interesting. "Paid statement"? What does that mean?

I have nothing but a guess, perhaps PR release to news orgs like Post Courier.

[trans]

Interesting. "Paid statement"? What does that mean?

I have nothing but a guess, perhaps PR release to news orgs like Post Courier.

IMO, a PR release, prepared by new ioc pr people.

[IOCHUHU]

InterOil to start drilling

January 20,2014, 11:45 pm

OIL and gas company, InterOil Corporation, announced that it will shortly begin drilling the first of up to eight wells in Gulf Province as part of a US$325 million (K816 million) drilling program.

The company, in a paid statement yesterday, said the first wells are Wahoo 1 in petroleum prospecting license (PPL) 236, raptor 1 in PPL 237, Bob Cat 1 in PPL 238 and Antelope 4 in PRL 15, which contains InterOil’s Elk-Antelope gas field.

InterOil said each well is expected to take at least two months to drill. The whole drilling campaign is planned to begin in March and will take 12-15 months.

The company said it is mobilising drilling rigs for the work and the acquisition of seismic data under way across licences to support the drilling.

InterOil has collected about 192km of two-dimensional seismic date over PPL 237 and PPL 238 since 2013, and is expecting to collect a further 162km over Elk-Antelope by mid-year.

About 700 people are working on the seismic program now and about 500 are expected to be employed during the drilling program.

Drilling pads for each of the first three wells have been laid in the mountainous Gulf Province and near the coast in the Gulf of Papua.

Camps are being established at each site and drilling equipment is being taken to the sites by six helicopters and three barges.

The drilling rigs are taken apart on the lowlands and lifted in 4.5 tonne pieces for assembly at each drilling site.

When drilling is finished, the rigs will be taken apart and lifted out by helicopter, again in 4.5  tonne pieces.

InterOil is also supporting local communities there through several community projects in the areas of education, health and others.

Posted on the 21st of January 2014

[Palm]

InterOil to start drilling

January 20,2014, 11:45 pm

OIL and gas company, InterOil Corporation, announced that it will shortly begin drilling the first of up to eight wells in Gulf Province as part of a US$325 million (K816 million) drilling program.

The company, in a paid statement yesterday, said the first wells are Wahoo 1 in petroleum prospecting license (PPL) 236, raptor 1 in PPL 237, Bob Cat 1 in PPL 238 and Antelope 4 in PRL 15, which contains InterOil’s Elk-Antelope gas field.

InterOil said each well is expected to take at least two months to drill. The whole drilling campaign is planned to begin in March and will take 12-15 months.

The company said it is mobilising drilling rigs for the work and the acquisition of seismic data under way across licences to support the drilling.

InterOil has collected about 192km of two-dimensional seismic date over PPL 237 and PPL 238 since 2013, and is expecting to collect a further 162km over Elk-Antelope by mid-year.

About 700 people are working on the seismic program now and about 500 are expected to be employed during the drilling program.

Drilling pads for each of the first three wells have been laid in the mountainous Gulf Province and near the coast in the Gulf of Papua.

Camps are being established at each site and drilling equipment is being taken to the sites by six helicopters and three barges.

The drilling rigs are taken apart on the lowlands and lifted in 4.5 tonne pieces for assembly at each drilling site.

When drilling is finished, the rigs will be taken apart and lifted out by helicopter, again in 4.5  tonne pieces.

InterOil is also supporting local communities there through several community projects in the areas of education, health and others.

Posted on the 21st of January 2014

Thanks Huhu, that jibes with what JFT stated, but it adds Ant 4.  This statement might be part of the Development Forum which Duma spoke of.  If so, there ought to be more info coming in the next few days.