Shell Eyes InterOil's Assets in PNG
"We have been in talks with InterOil and other interested parties, but we can't say where [they are] going," said Chief Financial Officer Simon Henry, Dow Jones has reported.
Papua New Guinea-focused InterOil holds three prospecting licenses offshore the south-east Asian island nation, where early appraisal drilling has revealed vast natural gas reservoirs are located.
The firm also plans to build a 9 million metric ton a year LNG terminal in Papua New Guinea but will need partners to help cover some of the estimated $6 billion required to build a two-train processing plant, Dow Jones added.
It is currently soliciting interest in the sale of a 25% stake in the LNG project.