PM Welcomes Commitment by French Company Total to Elk-Antelope LNG Project

Photo: Prime Minister, Peter O?Neill, meets?Total?s?Vice-President Mr. Arnaud Breavillac, at Parliament House in Port Moresby, Papua New Guinea.

The Prime?Minister, Hon Peter O?Neill CMG MP, has welcomed the commitment of French?company,?Total, to advance the Elk-Antelope Liquefied Natural Gas (LNG) project?in Papua New Guinea.

The?Prime Minister received an update on the company?s national engagement from Total?Executives,?which included Total?s Vice-President Mr. Arnaud Breavillac, during?their visit to Papua New Guinea.?

PM?O?Neill welcomed the executives and expressed his appreciation that the LNG?project in the Elk-Antelope gas fields is on track.??He noted that the revised sales and purchase?agreement between?InterOil and Total in March this year paves 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 following?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 a?joint press statement released by Total and InterOil, following the signing the?revised sales and?purchase agreement in March this year, Total Exploration and?Production Senior Vice President, Jean-Marie Guillermou said the agreement allows?the joint venture to proceed with confidence.

?Elk-Antelope?is a significant project?in Total?s global portfolio and our presence in?Papua New Guinea?provides an ideal opportunity to grow our business in the?Asia-Pacific region,??Mr Giullermou stated.

?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 world operating in more than 130 countries
Joint?venture partners for the Elk-Antelope LNG project are Total, InterOil, Oil?Search and the?Government of Papua New Guinea.