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Spring cleaning at the DPE?

April 2nd, 2013 · 1 Comment

“Papua New Guinea’s oil and gas industry is celebrating a government decision to convert the under-performing upstream regulator (DPE) into a statutory authority. It is understood the main differences between the current regime and the statutory authority are that industry players will pay a levy to fund the authority, and an independent board and managing director (Frank Kramer?) will oversee and provide expertise, without compromising regulatory authority.” via Petromin/Kalinoe are GONE = Kumui Petroleum.

Tags: IOC

1 response so far ↓

  • 1 janine // Apr 4, 2013 at 7:49 pm

    Hello Everyone! It’s been a long time since I have posted, I’d like to tell you what I’m hearing. The game is just about over for the shorts. The corruption line has been halted( maybe a few left ). All parties ready to go.The project will grow much bigger in scope than originally planned. Shorts will step on each other trying to cover.Big buyers waiting upon verification of deal. This project will transform PNG and IOC. PNG ( Somare) sold their soul on the first project, won’t happen again. Management should write a book when this deal gets completed. They should be commended to say the least. Best of Luck. Hello Harry.