PNG Timeline

[fusion_builder_container hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” gradient_top_color=”” gradient_bottom_color=”” gradient_type=”vertical” gradient_direction=”0deg” gradient_force=”yes” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” border_size=”” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”0px” padding_right=”10%” padding_bottom=”0px” padding_left=”10%”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” min_height=”” hover_type=”none” link=””][fusion_text] Rig 104 successfully finished drilling activity on Muruk 1 and its many exploration sidetracks. The well is hailed a success and the confirmed discovery of a massive new gas field draws international attention to PNG again. [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

While already providing services to Exxon Mobil in PNG through High Arctic’s Provision of HDPE Mat Systems to the PNG LNG project, High Arctic adds Exxon Mobil as a contracted customer for Drilling Services and Rolling Stock Rental through their acquisition of InterOil.

Antelope 7 drilling commences with Total as Operator. This final key appraisal well in the Antelope field attracts significant attention within PNG and from abroad and coincides with a lengthy period of finalising the recently announced acquisition of InterOil, the Operating Company who discovered Antelope, by the Exxon Mobil Corporation.

As the two companies contemplate various rig ownership structures, the term of the drilling and association support services agreements between Oil Search and High Arctic are extended, ultimately up to July 2018.

With the hand back of Rig 103 from InterOil, High Arctic commenced services under Contract to Repsol (formerly Talisman Niugini) with Drilling commencing in April for two wells in the Western Province.

Following the commencement of Operatorship transition for the PRL 15 Joint Venture, High Arctic drilled the next two Antelope wells (6 & 7) under contract to Total with Rig 115. Total expands to the number of High Arctic’s major HDPE Mat Systems and Rolling Stock customers to six.

Rig 116 arrives in PNG commencing contract with InterOil after an extensive refurbishment and incorporating additional upgraded capability. Similar upgraded capability is subsequently integrated in to Rig 115 as well.

The spudding in of appraisal well Triceratops #3 for InterOil marks the start of operations in PNG for Rig 115.

Rig 115 arrives in PNG after a fulsome upgrade and refurbishment and commences contract with InterOil.

To meet the growing demand for High Arctic’s drilling services, High Arctic negotiates the purchase of two “near new” 1500 Horse Power Heli-portable drilling rigs from Brazil and ships them to Houston, Texas for a comprehensive upgrade and rebirth by the Original Manufacturer.