InterOil Corp. struck a farm-out deal to sell 61.3% WI in its petroleum retention license 15 containing the Elk and Antelope gas fields onshore Papua New Guinea to Total SA for estimated consideration of ~US$1.6 billion. Besides monetizing its signature upstream asset, the deal provides the Houston-based explorer with an experienced strategic partner for the planned LNG project anchored by the fields, with Total agreeing to lead construction of and operate the proposed liquefaction......
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