Last $49.93 USD
Change Today +2.01 / 4.19%
Volume 516.0K
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As of 4:02 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

interoil corp (IOC) Snapshot

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04/3/14 - $69.81
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10/15/14 - $43.25
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interoil corp (IOC) Details

InterOil Corporation operates as an integrated oil and gas company in Papua New Guinea. The company operates in four segments: Upstream, Midstream, Downstream, and Corporate. The Upstream segment is engaged in the exploration, appraisal, and development of hydrocarbon structures in Papua New Guinea. The Midstream segment produces refined petroleum products at Napa Napa in Port Moresby, Papua New Guinea for the domestic market and for export, as well as focuses on developing liquefaction and associated facilities for the export of liquefied natural gas. The Downstream segment markets and distributes refined petroleum products in Papua New Guinea on a wholesale and retail basis. The Corporate segment manages shipping business, which operates two vessels that transport petroleum products within Papua New Guinea and for export in the South Pacific region. The company was founded in 1990 and is based in Singapore.

378 Employees
Last Reported Date: 11/14/14
Founded in 1990

interoil corp (IOC) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $614.9K
Executive Vice President of Corporate Develop...
Total Annual Compensation: $327.6K
General Counsel and Corporate Secretary
Total Annual Compensation: $621.2K
Vice President of Capital Markets
Total Annual Compensation: $390.7K
Compensation as of Fiscal Year 2013.

interoil corp (IOC) Key Developments

InterOil Corporation Appoints Katherine Hirschfeld to its Board

InterOil Corporation appointed former Australasian BP oil and gas executive Katherine Hirschfeld to its board. Ms Hirschfeld, 54, is a chemical engineer whose career has included 20 years with BP in leadership and executive roles in oil refining, logistics, exploration and production in Australia, New Zealand, the United Kingdom and Turkey. Before her retirement in 2010, Ms Hirschfeld was an Executive Director, BP Australasia, with responsibility for strategy and performance of BP's Australian and New Zealand refining and marketing business. She is a non-executive director of the major Australian engineering group, Transfield Services Ltd, and waste management firm Toxfree Solutions Ltd, both of which are listed on the Australian Securities Exchange.

InterOil Corporation Announces Discovery at Bobcat-1 in PPL476

InterOil Corporation has notified the Papua New Guinea Department of Petroleum and Energy of a discovery at the Bobcat-1 exploration well in PPL476. The well was tested over an interval of about 320 meters of Kapau limestone, the upper section of the target reservoir, and flowed and flared hydrocarbons at surface. Seismic mapping, wireline logging and testing results indicate the well is close to the gas-water contact in the transition zone. Recently acquired seismic indicates the crest of the structure lies several kilometers west of the current well location and is several hundred meters higher than the current well depth. Following these results, InterOil has notified the department that it has declared a total depth for the exploration well at 3,207 meters. Future appraisal will include additional seismic and drilling. As the first part of the appraisal program, the company now intends to deepen the well to appraise reservoir quality. Bobcat-1 is about 30km north-west of Elk-Antelope.

InterOil Corporation Appoints Dr. Ellis Armstrong as Non-Executive Director, effective January 1, 2015

InterOil Corporation has appointed Dr. Ellis Armstrong as a non-executive director. Dr. Armstrong is also a non-executive director of Lamprell plc and Lloyds Register. Dr. Armstrong would join the board from January 1, 2015.


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