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If You Don't Think Shell is a Finalist - Tree - 12-14-2012
Then we know why they call it dope.
The charge of PNG's Gas Negotiating Team.
Factoids:
PNG needs gas for domestic use
Domestic gas can only be downstream of a CSP
Gulf LNG CSP will only be upstream from an LNG plant
Gulf LNG is the only source for domestic gas and will also be the quickest
Shell covets an LNG project in PNG - They like E/A, who doesn't
PNG is taking option of up to an aditional 27.5% of E/A to use as it desires
That's enough for a 4Mtpa plant
Shell's partner Petromin/PNG is negotiating now final gas agreements for finalized NEC PA amendments
PNG needs gas for domestic use
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“The (Gas Agreement negotiating) team will work with Petromin, the state nominee (whose partner is Shell) to ensure that the best gas agreement is negotiated. specific consideration will be given to increased benefits for landowners, local level governments and provincial governments.” |
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Alliance explores in PNG
Anglo-Dutch supermajor Shell and Papua New Guinea’s national energy company Petromin have completed a joint study of upstream exploration opportunities in the country as part of their strategic alliance that has liquefied natural gas as a driver, writes Russell Searancke.
The two parties signed a strategic alliance agreement last August (2011) to pursue upstream prospects in PNG, and for Shell to contribute to capability building at Petromin.
Skills-transfer elements would see Shell holding technical skills training sessions for Petromin staff, and Petromin staff posted to Shell’s offices in Malaysia, on development assignments.
Before the end of last year, the pair began a joint study of major hydrocarbon basins in PNG, which has now been completed.
At the same time, the PNG government began publicly declaring that Shell was its preferred partner along with Petromin in any future LNG projects, because of Shell’s capability and PNG’s desire to bring this capacity to the country.
On the findings of the joint study, a Shell spokesman said it had “resulted in identifying a number of potential follow-up opportunities that are being considered”.
However, it was premature to comment on any details around any of the potential opportunities, he added.
Petromin was established in 2007, and is a novice in the upstream business.
Its only producing oil and gas asset is an 11.4% non-operating stake in the Moran oilfield, while it also owns 0.2% of the PNG liquefied natural gas project, and a 20.5% stake in the Elk-Antelope fields, which are to supply the proposed feedstock for the Gulf LNG project.
However, the government has declared Petromin as the “state nominee” in nine retention leases that contain several major undeveloped fields including Pandora, P’nyang, Stanley, Elevala-Ketu, Kimu, Barikewa and Uramu.