02-27-2012, 07:01 PM
Me take is Duma is still at it, as all partners/bidders seek their best interests in the Gulf LNG and future exploration as partners with IOC.
With it's alliance with Petromin, Shell is already in E/A scheme and have Duma's ear with 'What's good for Shell is good for PNG'. This Petromin/Shell alliance has created a Petromin/Shell vs. all others mentality. The good news is Shell still has to successfully bid to have a stake beyond a share of Petromin's 2o% stake.
This reminder from an earlier Duma article.
**********
"OIL major Shell may muscle into up to nine, or almost 70%, of the petroleum retention licences in Papua New Guinea through its strategic alliance with state-owned enterprise Petromin..........
The PRLs and their respective fields include:
PRL 1 – Pandora (operated by Talisman Energy)
PRL 3 – P’nyang (operated by Ampolex)
PRL 4 – Stanley (50:50 Horizon Oil and Talisman)
PRL 8 – Kimu (operated by Oil Search)
PRL 9 – Barikewa (operated by Barracuda – according to DPE data acquired)
PRL 10 – Uramu (operated by Oil Search)
PRL 13 – Kuru (operated by LNG Energy)
PRL 14 – Iehi, Bilip and Cobra (operated by Oil Search)
PRL 21 – Elevala and Ketu (operated by Horizon)........
In the event operators want to turn a PRL into a petroleum development licence, the PNG government’s nominee can earn 22.5% in the field – indicating Petromin could have a considerable portfolio of petroleum interests in the future.
The only PRLs that were not part of Duma’s announcement were part of key PNG LNG project fields, namely PRLs 2 (Juha), 11 (Angore) and 12 (Hides) – which are all operated by Exxon subsidiary Esso Highlands – along with PRL 15 (Elk-Antelope), which is operated by InterOil in Gulf province.......
With it's alliance with Petromin, Shell is already in E/A scheme and have Duma's ear with 'What's good for Shell is good for PNG'. This Petromin/Shell alliance has created a Petromin/Shell vs. all others mentality. The good news is Shell still has to successfully bid to have a stake beyond a share of Petromin's 2o% stake.
This reminder from an earlier Duma article.
**********
"OIL major Shell may muscle into up to nine, or almost 70%, of the petroleum retention licences in Papua New Guinea through its strategic alliance with state-owned enterprise Petromin..........
The PRLs and their respective fields include:
PRL 1 – Pandora (operated by Talisman Energy)
PRL 3 – P’nyang (operated by Ampolex)
PRL 4 – Stanley (50:50 Horizon Oil and Talisman)
PRL 8 – Kimu (operated by Oil Search)
PRL 9 – Barikewa (operated by Barracuda – according to DPE data acquired)
PRL 10 – Uramu (operated by Oil Search)
PRL 13 – Kuru (operated by LNG Energy)
PRL 14 – Iehi, Bilip and Cobra (operated by Oil Search)
PRL 21 – Elevala and Ketu (operated by Horizon)........
In the event operators want to turn a PRL into a petroleum development licence, the PNG government’s nominee can earn 22.5% in the field – indicating Petromin could have a considerable portfolio of petroleum interests in the future.
The only PRLs that were not part of Duma’s announcement were part of key PNG LNG project fields, namely PRLs 2 (Juha), 11 (Angore) and 12 (Hides) – which are all operated by Exxon subsidiary Esso Highlands – along with PRL 15 (Elk-Antelope), which is operated by InterOil in Gulf province.......