'Tree' pid='12600' datel Wrote:
'Tree' pid='10376' datel Wrote:EnnerOle has stated all parties they are negotiating with are acceptable to PNG and that they will deliver proposal within 2009 PA framework. NEC cannot approve a project until all is in order.
What I would do to maximize bids.
1) Require FEED work for proposed scheme is complete to submit bid.
2) I would assign 1 rep from IOC to deal with 1 IB.
3) Collin, Phil and?, maybe Byker.
4) Each rep with IB, selects that IBs best bid
5) 3 IBs = 3 winning Bids.
6) CAs preclude sharing of details with other IBs or each IOC rep from divulging details with each other.
7) Present these 3 bids to IOC BOD and grade them 1-3 in order of BOD preference.
8) Present these 3 to NEC, get conditional approval for all 3 and have NEC rank in preference.
9) Return to each of the 3 with a conditional Gov't approval, binding if they are the winning bidder.
10) Allow 2 weeks for each bidder's best bid, then 1 last BOD meeting and select the winner.
Sure bidding war as winner get's a project, FID by Y/E and booked reserves in 2012.
We haven't NEC action yet, I say we are at #7.
We be at #9 as of today.
On island IOC management and unconfirmations of BOD meeting on 15th....are we 9-10?