05-01-2013, 04:10 AM
I heard the new CEO is from outside IOC. Experienced in LNG project start to operation. Taru has good sources and may be onto
something with the major promoting someone.
I was told yesterday that Exxon needed NG and IOC had the only available NG. Exxon needs a 3rd and 4th Train. Exxon involved in some
manner.
Not to say Shell couldn't be the partner with a module of NG sold to Exxon to bridge them until they find their own NG.
IOC has plenty of NG for their project, and to help Exxon and to power up all the PNG gov't needs for the next 20 years.
More than 1 SM involved insures future success.
At $1 per mcf IOC will double in price and at $2 it quadruples so reality might the mid point. Plenty of money to drill and pay their pro
rata share of the LNG plant.
something with the major promoting someone.
I was told yesterday that Exxon needed NG and IOC had the only available NG. Exxon needs a 3rd and 4th Train. Exxon involved in some
manner.
Not to say Shell couldn't be the partner with a module of NG sold to Exxon to bridge them until they find their own NG.
IOC has plenty of NG for their project, and to help Exxon and to power up all the PNG gov't needs for the next 20 years.
More than 1 SM involved insures future success.
At $1 per mcf IOC will double in price and at $2 it quadruples so reality might the mid point. Plenty of money to drill and pay their pro
rata share of the LNG plant.