BRISBANE, May 27 (Reuters) – Exxon Mobil’s talks
with Interoil to develop the Elk and Antelope fields
could lead to an expansion of its $19 billion Papua New Guinea
liquefied natural gas (PNG LNG) project, an Exxon executive said
on Monday.
The company did not have a timeline for when a deal could be
finalised, but Mark Nolan, Exxon Mobil vice president for
development in the Middle East and Africa, signaled it may be
soon.
“The expansion opportunities look attractive to us, so I
wouldn’t expect we’d wait too long,” Nolan said, speaking to
reporters at an industry conference.
Exxon said the Interoil assets under consideration hold 4 to
5 trillion cubic feet of gas. Interoil Corp announced on Friday
that it had entered into exclusive negotiations with Exxon.
