InterOil provides update on Antelope-7 side track drilling

InterOil Corporation has provided an update on the Antelope-7 side track appraisal well.

On 22 December 2016, InterOil announced that the initial Antelope-7 well had reached 2,127m (6,978ft) measured depth below rotary table (MDRT).

Upon encountering drilling difficulties in the Orubadi formation, Total E&P PNG (Total), the operator of Petroleum Retention License 15 (PRL15) in the Gulf Province of Papua New Guinea, commenced the Antelope-7 side track appraisal well.

At the end of last month, the Antelope-7 side track appraisal well reached 1,980m (6,496ft) MDRT and is drilling ahead in the Orubadi formation, according to information provided by Total.

The well is designed in a way to offer structural control and reservoir definition on the field’s western flank.

It has a proposed total depth of around 2,300m (7,545ft) MDRT and is located about 1.45km west-south-west of Antelope-5.

InterOil has a 36.5% interest in the well.

Total E&P PNG has a 40.1% interest and Oil Search has a 22.8% interest, while the remaining 0.5% is held by minority parties.

InterOil Corporation is an independent oil and gas business with a focus on Papua New Guinea.

InterOil’s assets comprise Elk-Antelope in the Gulf Province, and exploration licenses covering about 16,000km².

The company is listed on the New York and Port Moresby stock exchanges and its main offices are located in Singapore and Port Moresby.