Prior to its acquisition by Exxon, InterOil Corporation was an

oil and gas A fossil fuel is a hydrocarbon-containing material formed naturally in the Earth's crust from the remains of dead plants and animals that is extracted and combustion, burned as a fuel. The main fossil fuels are coal, petroleum, oil, and natura ...

company with a primary focus on

Papua New Guinea Papua New Guinea (abbreviated PNG; , ; tpi, Papua Niugini; ho, Papua Niu Gini), officially the Independent State of Papua New Guinea ( tpi, Independen Stet bilong Papua Niugini; ho, Independen Stet bilong Papua Niu Gini), is a country i ...

. InterOil's assets included one of Asia's largest undeveloped gas fields, Elk-Antelope, in the Gulf Province. The company employed more than 2000 staff and contractors. Its main offices were in Singapore and Port Moresby. InterOil was formed in 1997 and was incorporated in

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...

. The company was listed on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...

and the Port Moresby Stock Exchange. It had a market capitalization of $2.8 billion. It had the following assets: − Exploration: Oil & Gas Exploration licenses to 3.9 million acres (an area larger than Qatar) − Development: Elk-Antelope in Petroleum Retention License 15, being developed as PNG's second major LNG project with supermajor

TotalEnergies TotalEnergies SE is a French multinational integrated energy and petroleum company founded in 1924 and one of the seven supermajor oil companies. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and ...

and

Oil Search Oil Search was the largest oil and gas exploration and development company incorporated in Papua New Guinea, which operates all of Papua New Guinea's oilfields. In December 2021, it merged with the Australian company Santos. History Oil Searc ...

On February 17, InterOil announced its onshore Antelope-5 appraisal well had found a reservoir in Papua New Guinea's Gulf Province. On July 21, 2016, ExxonMobil announced its intent to acquire InterOil for $2.5 billion. On February 22, 2017, InterOil confirmed the completion of this transaction.

References

Oil and gas companies of Papua New Guinea Oil companies of Canada Companies formerly listed on the New York Stock Exchange {{petroleum-company-stub