Interesting ending to this Reuter's article on Total's buy-in:
""In the event of exploration and appraisal success that leads to an LNG project, Total would develop and operate the downstream facilities of any development," said Peter Botten, Oil Search's managing director.
Papua New Guinea has several LNG projects already under way, including Exxon's $15.7 billion PNG LNG project, which is expected to come online in 2014.
InterOil Corp has also been planning a $6 billion LNG project, but is still finalising the specifications of the project with the government."
So, where is Duma's/Petromin's requirement that Shell be the operator or "preferred" operator? This likely will lead to huge delays for OSH as Shell makes a play for this LNG project. How stupid of OSH's management and Total to think that they can pull something like this off. Wait until Duma hears about this! If that doesn't happen (which it won't), it all the more confirms what IOC has is so valuable that games of a year ago were played. If anyone sees another Zebra running around, please let me know. Zelda is getting a little old.
http://www.reuters.com/article/2012/10/0...IO20121009
""In the event of exploration and appraisal success that leads to an LNG project, Total would develop and operate the downstream facilities of any development," said Peter Botten, Oil Search's managing director.
Papua New Guinea has several LNG projects already under way, including Exxon's $15.7 billion PNG LNG project, which is expected to come online in 2014.
InterOil Corp has also been planning a $6 billion LNG project, but is still finalising the specifications of the project with the government."
So, where is Duma's/Petromin's requirement that Shell be the operator or "preferred" operator? This likely will lead to huge delays for OSH as Shell makes a play for this LNG project. How stupid of OSH's management and Total to think that they can pull something like this off. Wait until Duma hears about this! If that doesn't happen (which it won't), it all the more confirms what IOC has is so valuable that games of a year ago were played. If anyone sees another Zebra running around, please let me know. Zelda is getting a little old.
http://www.reuters.com/article/2012/10/0...IO20121009