05-14-2013, 11:04 AM
Total is in PNG to win. Their executive VP was recently interviewed on EMTV under the Resource PNG heading. It's interesting because he is asked why it is that Total is just now coming to PNG. He says, "Well you know PNG is a long ways away from our headquarters in Paris, so until now we just haven't had it on our radar." But then later when asked what the plans are and what Total brings to the table, he says, "Well we have big plans in working with Oil Search and we will be working to have our own LNG plant in PNG. Don't forget we have been very active in Austalia, Indonesia, Singapore and other places in this area so we are very familiar with how things work here."
Wait a minute I thought PNG was so far from Paris but Australia, Indonesia, Singapore and other places are not? Hoho. I think it was his polite way of saying "Ooooooops, we messed up but we are here now."
It's clear in this interview that Total understands the great opportunity in PNG as he mentions the promising gas plays, and the strategic location in relations to booming Asian markets. There's no doubt in my mind that Total has its eye on IOC's finds. And now it appears that OSH knows it must form an alliance with IOC to find the necessary gas to underpin either Exxon expansion or a project with Total. Or maybe both. OSH has the rigs and the PNG pull to make things happen. And Total is in PNG to win. They made that clear to O'Neill a couple of weeks ago.
Wait a minute I thought PNG was so far from Paris but Australia, Indonesia, Singapore and other places are not? Hoho. I think it was his polite way of saying "Ooooooops, we messed up but we are here now."
It's clear in this interview that Total understands the great opportunity in PNG as he mentions the promising gas plays, and the strategic location in relations to booming Asian markets. There's no doubt in my mind that Total has its eye on IOC's finds. And now it appears that OSH knows it must form an alliance with IOC to find the necessary gas to underpin either Exxon expansion or a project with Total. Or maybe both. OSH has the rigs and the PNG pull to make things happen. And Total is in PNG to win. They made that clear to O'Neill a couple of weeks ago.