TOTAL begins Atelope 6 drilling in PNG
|TOTAL begins Atelope 6 drilling in Papua New Guinea. Photo credit: Total FB page|
This was announced by its joint venture partner InterOil Corporation, in its market report last week. InterOil said the well is designed to provide structural control and reservoir definition on the field’s eastern flank.
It said the well has a proposed total depth of around 2464 metres (8084 feet) true vertical depth sub-sea and is located about two kilometres east-south-east of Antelope-3.
InterOil holds a 36.5 per cent interest in the well. Total E&P PNG Limited holds a 40.1 per cent stake while, Oil Search has 22.8 per cent.
The remaining 0.5 per cent is held by minority parties. InterOil Corporation is an independent oil and gas business with a sole focus on Papua New Guinea.