+- ShareholdersUnite Forums (http://shareholdersunite.com/mybb)
+-- Forum: Companies (http://shareholdersunite.com/mybb/forumdisplay.php?fid=1)
+--- Forum: InterOil Forum (http://shareholdersunite.com/mybb/forumdisplay.php?fid=4)
+--- Thread: 20 unhappy Gulf LOs go to see the wizard (/showthread.php?tid=3841)
Pages:
1
2
20 unhappy Gulf LOs go to see the wizard - Palm - 06-07-2013
As we might expect there are some in Gulf who will feel slighted. Thing is Kavo is happy as are Gulf officials for the most part. Some LOs feel proper social mapping has not been done. Duma has said it's done. O'Neill and parliament like the Exxon partnership. I would wager O'Neill and others will get things taken care of. 20 LOs have gone to POM with more to follow evidently. Ruh roh
"UNHAPPY GULF LAND OWNERS SEEK AUDIENCE WITH PM
Resource owners in the Gulf province have raised grievances over the announcement of InterOil’s exclusive negotiations with Exxon Mobil on the development of Elk and Antelope gas fields.
A good number of land owners have travelled to the capital to seek audience with the Prime Minister and the Petroleum & Energy Minister.
The exclusive negotiation completes InterOil’s LNG Partnering process to develop the Elk and Antelope reserves in the Petroleum Retention License are or PRL 15. InterOil has chosen Exxon Mobil to develop Elk & Antelope reserves. Its good news for the petroleum industry but this doesn’t go well with the resource owners.
The resource owners have come out strong on a number of points. The first being to shut down the second LNG site if their concerns aren’t taken seriously.
They allege a number of flaws yet to be addressed by InterOil. Such is the need to conduct proper social mapping to identify legitimate landowner groups in the project and impact areas. They say this will also address the issue of falsified land owners being involved in negotiation processes with the developers.
They call on the government to halt further negotiations between InterOil and Exxon Mobil.
They are adamant that the government gives them a chance to enforce their rights as resource owners and be included in future negotiations and dialogue with project developers.
Meanwhile, the joint venture partners – InterOil and Pacific LNG Group, last month indicated that they have the option to either independently develop a second gas project in Gulf or pursue further development with Exxon Mobil.
However, that is now being questioned.
Over 20 landowner representatives are in the capital, to seek audience with the government. That figure is expected to increase in the coming days."
RE: 20 unhappy Gulf LOs go to see the wizard - admin - 06-07-2013
Well, this isn't a surprise. The surprise was (as far as I'm concerned) why Kavo hasn't made much noise. I assume there must be more to it.
RE: 20 unhappy Gulf LOs go to see the wizard - Palm - 06-07-2013
It's part of the process in PNG. And anywhere in the world where your neighbor hits it big and you feel left behind. This is where O'Neill, Duma and Kavo earn their pay. IOC has been very careful in doing the LO identification and social mapping. They've worked on it for a couple of years to avoid the problems in the Highlands. It will be dealt with properly.
RE: 20 unhappy Gulf LOs go to see the wizard - admin - 06-07-2013
Well, I assumed their main grievance was the possibility of no LNG plant in the Gulf, but the article is actually a little fuzzy on this.
RE: 20 unhappy Gulf LOs go to see the wizard - Palm - 06-07-2013
Agree. If they can establish they were somehow left out, that's easily verifiable and resolved.
RE: 20 unhappy Gulf LOs go to see the wizard - admin - 06-07-2013
Kavo insists that all the E/A gas will be processed in the Gulf. That's obviously not going to happen, so the more interesting question perhaps is why he's not making more noise.
But then again, in Asia, things are often a little different under the surface.
RE: 20 unhappy Gulf LOs go to see the wizard - Palm - 06-07-2013
Kavo wants job creation, development commitments and Kina to do it all. He knows the real jobs are LT in nature, not a couple of years building plants. As long as the National government allocates resources and follow up on planning I think Kavo is happy and will support and sell it. The port project, roads, schools, hospitals, electricity and necessary infrastructure are what he wants for his province and people. The easiest way to keep peace with his constituents is to have the plant in Gulf. They best company fir that is EWC as they believe strongly in the social aspects and responsibities of developers. Kavo loves EWC. Can they get it done and be the company IOC works with as an option to Exxon? Big question to be answered.
RE: 20 unhappy Gulf LOs go to see the wizard - admin - 06-07-2013
Dunno, Palm. He was very specific. All E/A gas to be processed in the gulf. If it goes to Port Moresby instead, that's not only the construction and plant operating jobs, it's also much less activity for the harbor.
But I guess we'll soon find out.
RE: 20 unhappy Gulf LOs go to see the wizard - Tusker - 06-07-2013
'admin' pid='23961' datel Wrote:Kavo insists that all the E/A gas will be processed in the Gulf. That's obviously not going to happen, so the more interesting question perhaps is why he's not making more noise. But then again, in Asia, things are often a little different under the surface.
I read each word for the value. All I found was Sr.Kavo
" border="0" class="smilie" src="images/smilies/cool.gif" />
RE: 20 unhappy Gulf LOs go to see the wizard - Tree - 06-07-2013
'Palm' pid='23963' datel Wrote:Kavo wants job creation, development commitments and Kina to do it all. He knows the real jobs are LT in nature, not a couple of years building plants. As long as the National government allocates resources and follow up on planning I think Kavo is happy and will support and sell it. The port project, roads, schools, hospitals, electricity and necessary infrastructure are what he wants for his province and people. The easiest way to keep peace with his constituents is to have the plant in Gulf. They best company fir that is EWC as they believe strongly in the social aspects and responsibities of developers. Kavo loves EWC. Can they get it done and be the company IOC works with as an option to Exxon? Big question to be answered.
Palmsui,
We can see from Nookie Beach that Gulf area is an uncivilized blank slate. Settlement and support services which will resut from the CSP/pipelines from PRL15 to Gulf and that Gulf Port project. power, roads, concrete plants associated with development will only lower construction costs for that greenfield LNG plant that Gulf Province will undoubtedly host.
PNG LNG greenfield plant only costs are $650/tonne as compared to Gulf LNG greenfield project without the feedstock XOM deal are from $450/tonne (EWC) to $850/tonne in a stick built project. The savings of phasing in the Gulf LNG project as Gulf is settled can be $300/tonne and that is a chit-load money as we are talking 12 Mtpa project by 2020. Let's see 12 x 300,000,000 = $3.6 Billion in pumper math.