Pacific Rubiales has taken a 10% stake in an InterOil licence that is targeted for LNG feed gas in Papua New Guinea.
The Colombian-Canadian gas and oil producer is investing up to $345 million for the share in the PPL237 block, which includes the Triceratops field.
InterOil has identified Triceratops to potentially supply its Gulf LNG export project in PNG.
“This is an exciting opportunity for the company to participate in,” said Pacific Rubiales chief executive Ronald Pantin.
