On March 30, 2012, InterOil indicated additional amendments to extend the joint venture operating agreement (JVOA) for the company’s proposed condensate stripping plant (CSP) with Mitsui, and associated agreements to December 31, 2012, were being contemplated.
“The JVOA for the company’s proposed CSP with Mitsui and associated agreements, have been amended so that the time allowed for FID has been extended until December 31, 2012,” InterOil said in a press statement.
“The JVOA sets out the rights and obligations of the participants of the joint venture to develop a CSP at InterOil’s Elk and Antelope field site in Gulf province, Papua New Guinea.”
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