Total E&P PNG Limited is drilling ahead to explore a deeper exploration target at the Antelope-7 side track appraisal well, after reaching 7,818 feet without any evidence of intersecting the Antelope reservoir.
The proposed total depth of the Antelope-7 appraisal section of the well was around 7,545 feet. Drilling at the appraisal well, which is located in the Gulf Province of Papua New Guinea, began in November 2016.
Total E&P PNG Limited has a 40.1275 percent interest in the asset. InterOil holds a 36.5375 percent interest, with Oil Search holding a 22.8350 percent interest. The remaining 0.5000 percent is held by minority parties.
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