InterOil receives notification of a dispute under Joint Venture from Oil Search InterOil (IOC) has received notification from Oil Search of a dispute under the Joint Venture Operating Agreement relating to Petroleum Retention License 15 in Papua New Guinea. InterOil will respond in accordance with the terms of that agreement. Any proceedings commenced by Oil Search seeking to set aside the transaction completed with Total S.A. (TOT) on March 26, in which Total acquired a 40.1% interest in PRL 15, will be strongly defended.
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