(Corrects to show that 4 to 5 tcf is the gas required for one
train, not the amount being considered in Interoil deal)
BRISBANE May 27 Exxon Mobil's talks
with Interoil to develop the Elk and Antelope fields
could lead to an expansion of its $19-billion Papua New Guinea
liquefied natural gas (PNG LNG) project, an Exxon executive said
The company did not have a timeline for when a deal could be
finalised, but Mark Nolan, Exxon Mobil vice president for
development in the Middle East and Africa, signalled it may be
"The expansion opportunities look attractive to us, so I
wouldn't expect we'd wait too long," Nolan said, speaking to
reporters at an industry conference.
Exxon said 4 to 5 trillion cubic feet is typically the
amount of gas required to expand an LNG plant by one train. LNG
plants are typically made up of several "trains," or
self-sufficient plants that chill gas into liquid.
Interoil Corp announced on Friday that it had entered into
exclusive negotiations with Exxon.
(Reporting by Rebekah Kebede; Editing by Clarence Fernandez)