InterOil receives final Papua New Guinea refinery equipment shipments

Sept. 2, 2003
InterOil Corp., Toronto, has received the final major shipments of equipment for the refinery it is constructing in Papua New Guinea.

By OGJ editors

HOUSTON, Sept. 2 -- InterOil Corp., Toronto, has received the final major shipments of equipment for the refinery it is constructing in Papua New Guinea.

The equipment consists of the main crude column, reactors, the balance of the major processing equipment, and refinery power generators. All major components are now on site. Mechanical completion is slated for March 2004 (OGJ Online, Aug. 29, 2003).

"The refinery will underpin new oil and gas exploration in PNG, as displayed by InterOil's recent multi-well drilling program currently in progress," said Phil Mulacek, InterOil CEO.

Moi Avei, Minister for Petroleum and Energy, added, "The InterOil refinery project is certainly one of the largest resource developments our country has seen and as the largest value-added infrastructure project will lead to the transformation of the oil and gas sector and have a very significant impact on the economy of Papua New Guinea."

BP Singapore will provide all the crude oil to the refinery, and Shell Overseas Holdings Ltd. will purchase most of the facility's product.