InterOil names new chief exec

Business, Normal

The National, Monday July 15th, 2013

 THE realisation of the Gulf LNG project will be a transformational project for InterOil, its new chief executive officer said last Friday.

Dr Michael Hession, who InterOil announced as chief executive last Friday, said: “InterOil is at an inflection point in its history, and I expect that it will start to realise the value that it has carefully built over the past sixteen years. 

“The certified resource at the Elk and Antelope fields is sufficient for a multi-train development which could include the PNG LNG facility, and/or an LNG facility in the Gulf Province. 

“The monetisation of PRL 15 is anticipated to be a transformational event for InterOil. 

“The interest in energy development in PNG has never been greater and we expect to bring in additional partners to accelerate our activities. I welcome the opportunity to join such an outstanding company and be a part of its bright future. There is much work to be done and great opportunity ahead of us.”

Dr Hession’s appointment was effective las Friday. 

He has over 25 years of international exploration, operation and commercial experience.