Tuesday, January 19, 2010

Former Marathon executive to head InterOil LNG project

Pacific LNG Operations LTD, an affiliate  of Switzerland based Clarion Finanz AG, a substantial indirect interest holder in the Elk and Antelope discoveries  and 47.5% LNG partner in Liquid Niugini Gas Limited with InterOil Corporation (NYSE-IOC), is pleased to announce that Mr Henry Aldorf has joined as President of Pacific LNG and a director of Liquid Niugini Gas Limited. 

 Mr Aldorf was most recently the President of Marathon International and Vice-President Global Upstream of Marathon Oil.

 Mr Aldorf has 37 years of experience in the petroleum and chemicals industry, the last nine of which have been with Marathon Oil.

 Prior to his most recent role with Marathon leading worldwide upstream business development, including upstream commercial strategy and negotiations, Mr Aldorf held the positions in Marathon Oil International of Senior Vice President International Business Development, Senior Vice-President West Africa, Middle East and Asia Business Development, and Senior Vice-President West Africa Business Development .

 In the latter position Mr Aldorf was responsible for Marathon's EG LNG project in Equatorial Guinea and was the first Managing Director of EG LNG Co.

 Mr Aldorf is reunited with his former Marathon Equatorial Guinea LNG team members, Mr Andy Mitchell and Mr Wayne Hamal, both currently with Liquid Niugini Gas and InterOil.

 They were all part of the team responsible for designing, partnering, and executing the Equatorial Guinea (EGLNG) LNG plant.

 he EG LNG development was completed in the shortest time ever for an LNG project. Mr Aldorf stated: "I am glad to be back working with this experienced group to further the final execution of this exciting Liquid Niugini Gas LNG project in Papua New Guinea.

 "The gas resource in Elk and Antelope is onshore and a great liquids rich gas asset.  We are anxious to move forward with solid LNG partners and complete this project on time and on budget," Mr Aldorf said.

For Further Information, Contact:

Mr Susuve Laumaea

Senior Manager – Media Relations/Public Affairs

PNG Operations

Tel: 675-3217040

Cell: 675-72013870

Email: Susuve.laumaea@interoil.com or slaumaea@digicelpacific.blackberry.com

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