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+--- Thread: Havila Kavo goes to bat of Interoil, demands PDL (/showthread.php?tid=421)
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- Palm - 02-24-2012
As expected there is more to the story and a bit better explanation on this exchange between Kavo and Parliament. Clearly Kavo is not saying Shel has the Gulf LNG project; they are Petromin's partner and Duma's "preferred" operating partner for IOC in the project. This is all old news being rehashed with Kavo expressing his disdain for Shell (and probably other SMs as I stated above.
"
Friday, 24 February 2012
GULF Province Governor Havila Kavo wants a government explanation for why Royal Dutch Shell is allowed to “take over” the InterOil-led Gulf LNG project in his region of Papua New Guinea.
“Ten years ago, Shell described PNG as a failed state, gave up its operations, sold it to InterOil and left,” he told The National.
“Now they have decided to come back.”
Kavo was seeking answers and was clearly not a fan of Shell’s past operations in PNG.
“They ripped off the country and left,” he reportedly said.
“What infrastructure have they left and what positive development have they left before departing?
“I call on the prime minister and the minister for petroleum and energy to explain to the people of PNG and especially the people of Gulf why the company was allowed to come and take over the Gulf LNG project.”
Shell struck a strategic alliance with Petromin PNG Holdings in August, which is the state-nominated partner for Gulf LNG.
Their joint technical study agreement is analysing all major hydrocarbon basins in Papua New Guinea and Shell recently opened its Port Moresby office at Petromin Haus.
At the launch of the office, Petroleum and Energy Minister William Duma told The National Shell had a very good record.
“I strongly believe that with Shell, we can go miles,” he reportedly said.
Duma previously said Shell was his preferred developer for the Gulf LNG project.
InterOil is continuing a formal process through three investment banks to select a suitable operator for Gulf LNG.
The Gulf LNG project is targeting 5 million tonnes per annum in 2014, with 3Mtpa from an onshore modular LNG plant and the rest from the floating LNG facility.
There is also a proposed ramp-up to hit up to 8Mtpa from the total project through 2015 and 2016.
Gas for the project will be supplied from InterOil’s Elk-Antelope field in Gulf province.
At the end of 2010, the Elk-Antelope structure was estimated to hold 6.47 trillion cubic feet of initial recoverable sales gas in the low-case forecast by GLJ Petroleum Consultants."
http://www.pngindustrynews.net/storyview.asp?storyid=3200647§ionsource=s0
- Tree - 02-24-2012
This is good.
Sounds like Kavo does not want Shell operating in his Province, huh? Think he'd like the socially and environmentally conscious SK and Japs developing, operating and, most importantly, restoring the project areas in a post-production era better? The Japs even had recycling centers in their post-quake refugee camps. Shell abandoned PNG, wants her riches now, and has a mixed history of being a good neighbor in a foreign land, while IOC has proven itself as dependable and loyal to PNG. Kavo gets what Kavo wants in his Province and sure as shyt, he needs to sign off on these project amendments also.
- Libtardius Maximus - 02-24-2012
JFT,
I think you jumped the gun on me. I was not implying Shell taking over the project. I was thinking of another article that was written a while ago suggesting a payoff of 100M.
Remember?
- Tree - 02-24-2012
These fresh Duma comments likely gathered about the same time of Kavo's. EnnerOle is conspicuously not mentioned by the PE Minister.
**********
PNG still vastly under-explored, says Minister of Petroleum and Energy
Posted at 05:50 on 24 February, 2012 UTC
Papua New Guinea’s Minister of Petroleum and Energy says the full extent of the country’s resources is still largely unknown.
William Duma’s comment comes amid increasing investment in PNG’s energy sector by major global players.
Mitsubishi has just entered into a joint venture to develop leases held by Canada’s Talisman Energy in Western Province for potential gas exports.
Exxon Mobil is already leading a major liquefied natural gas project in PNG.
And this month, Shell announced it’s setting up an office in Port Moresby to further its alliance with the state energy company, Petromin.
Mr Duma says PNG welcomes more major players.
“Compared to other countries in the region, we are relatively under-explored. There’s a lot of areas that still need to be explored. There’s a lot of seismic work that needs to be done. We are all now concentrating on onshore acreages. We have not moved even to offshore acreages. So we are virgin territory in terms of exploration.”
- Palm - 02-24-2012
"PNG welcomes more major players", like Kogas and Japex. Shell preferred, but not required. Petromin needs a certain partner for its interests, but will not mean Shell is forced down people's throats. That has been established and clarified I believe. People trying to insinuate that Shell must be IOC's partner, or that Shell has booted IOC out of its licensed areas have been crying "Wolf" and don't understand what is really going on in PNG. Mitsubishi, Kogas, Japex and others would not now be coming in if that was the understanding. Lots of unexplored territory IMHO means that, unexplored. IOC has explored, done seismics and drilled.