InterOil Corporation reiterated its ongoing bid
process to select an internationally recognised LNG operator to join the
InterOil Gulf LNG project is on schedule, in a press release today.
The bid process is being led by investment banks,
Morgan Stanley & Co LLC, Macquarie Capital (USA) Inc.and UBS AG.
The company is pleased with the process being
conducted by the investment banks and the number of bidders involved in the
process.
Selection of the preferred LNG operator is targeted
for the second quarter of 2012.
The Project Agreement stipulates that FID be reached
by June 2013 for the 7.6 million tonnes per annum Gulf LNG Project.
The FEED packages
for the project facilities are mostly completed.
"We understand the PNG Government's desire to have
an internationally recognised LNG operator join the project and we trust that
our LNG bid process will fully satisfy that requirement," said Phil
Mulacek, InterOil's CEO.
"We
welcome the continued support of both the Prime Minister and the Minister for
Petroleum who endorse an LNG project in the Gulf which complies with the LNG
Project Agreement."
No comments:
Post a Comment