TOTAL executives, including vice president Arnaud Breuillac, visited Papua New Guinea in early October to reconfirm their commitment to moving forward the Elk-Antelope LNG project.
The Total executives were met by Prime Minister Peter O’Neill, who expressed his appreciation that the Elk-Antelope project was on track.
He said the revised sales and purchase agreement between InterOil and Total in March this year paved the way for Total to bring its considerable LNG expertise to develop PNG’s second LNG project.
“Progress on Elk-Antelope gas fields in the east Papuan basin is being made and Total is committed to working with the government, joint venture partners and stakeholders,” the Prime Minister said after the meeting.
“Total is one of the largest integrated oil and gas companies in the world and has employees with expertise covering the broad spectrum of oil and gas industry activities.”
In March Total and InterOil signed a revised sales and purchase agreement for Total to acquire 40.1 per cent of the Elk-Antelope gas field.
Total exploration and production senior vice president Jean-Marie Guillermou said in March that the Elk-Antelope project was a significant one in the company’s global portfolio.
“Our presence in Papua New Guinea provides an ideal opportunity to grow our business in the Asia-Pacific region,” he said at the time,
“We have a strong relationship with our joint ventures and strong support from the Papua New Guinea government, and we now look forward to leading the development of the LNG Project.”
Total is the fifth-largest publicly-traded integrated international oil and gas company in the world with around 100,000 employees operating in more than 130 countries.
Joint venture partners for the Elk-Antelope LNG project are Total, InterOil, Oil Search and the Papua New Guinea Government.