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Radio New Zealand on IOC - cybersssss - 11-14-2013
Interoil nears completion of deal to develop PNG gas fields
Posted at 23:07 on 13 November, 2013 UTC
Three years after it was awarded a licence to develop the Elk and Antelope fields in Papua New Guinea’s Gulf Province, InterOil says a deal with a major partner to develop these resources is imminent.
InterOil’s head says it expects to announce a major transformational deal by the end of 2013 to develop PNG’s second LNG Gas project.
Business Advantage PNG reports that Interoil’s CEO, Michael Hession, has announced he has secured a 250 million US dollar loan facility from a consortium of banks led by Credit Suisse, including ANZ, Bank South Pacific and Westpac.
He also says Interoil is considering offers from six or seven mega majors to develop the fields, adding that talks underway in Singapore are very close to being finalised
Dr Hession describes the project as the biggest gas field in the Southeast Asia for 20 years.
News Content © Radio New Zealand International
PO Box 123, Wellington, New Zealand
RE: Radio New Zealand on IOC - ebster123 - 11-14-2013
"Dr Hession describes the project as the biggest gas field in the Southeast Asia for 20 years."
Well, no wonder there are some looking to eat at the table, some looking to steal the food in the kitchen and others looking to buy the restaurant!!!! Time will tell...
RE: Radio New Zealand on IOC - petrengr1 - 11-14-2013
'cybersssss' pid='31707' datel Wrote:Interoil nears completion of deal to develop PNG gas fieldsPosted at 23:07 on 13 November, 2013 UTCThree years after it was awarded a licence to develop the Elk and Antelope fields in Papua New Guinea’s Gulf Province, InterOil says a deal with a major partner to develop these resources is imminent.InterOil’s head says it expects to announce a major transformational deal by the end of 2013 to develop PNG’s second LNG Gas project.Business Advantage PNG reports that Interoil’s CEO, Michael Hession, has announced he has secured a 250 million US dollar loan facility from a consortium of banks led by Credit Suisse, including ANZ, Bank South Pacific and Westpac.He also says Interoil is considering offers from six or seven mega majors to develop the fields, adding that talks underway in Singapore are very close to being finalisedDr Hession describes the project as the biggest gas field in the Southeast Asia for 20 years.News Content © Radio New Zealand InternationalPO Box 123, Wellington, New Zealand
Dr. Hession did not say he was considering offers from six or seven mega-majors. He answered a question from Pavel Molchanov : "How many companies, in your estimation, fit that criteria of being called a mega major?" His answer was: "Well, I probably say about 6, 7 companies would fall into that category."