Ilya 'Scoop' Gridneff says bamahuta PNG
New book was inspired by trip to PNG

InterOil revises upwards PNG reserves

Interoil Elk 2 HOUSTON-BASED InterOil Corporation has revised upwards its total oil and gas reserves at two PNG fields by 6%, the company has announced. The increase is equivalent to 85.1 million barrels of oil.

An independent evaluation found InterOil had a best case estimate of contingent resources of 8.59 trillion cubic feet of natural gas and 128.9 million barrels of condensate at its Elk [pictured] and Antelope fields.

The results were higher than the 8.2 of natural gas and 156.5 of condensate estimated to be in reserve in 2009.

This came despite a company decision not to count estimated resources from the Mule Deer structure.

Source: Upstreamonline.com

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)