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Legal Nature of the Papua New Guinea Petroleum Arrangement
#40
There are some of us who were not entirely reassured by expiring licenses. Yes, it's clear that cooperation is now good, but once you are on territory where there might very well be a natural practice, but no real legal duty to extent licenses, I don't think it's pure nonsense to have at least a residue of concern here, like I did.

Or let me put it another way. If I was a betting man I would have put money on the extensions, but was I 100% convinced? Not quite. For instance, I feel quite a bit better after the news today out of the DPE, with which IOC seems to have had a somewhat difficult relation.

Who doesn't, raise their hand. If you do, that means you weren't 100% convinced either. I was perhaps 90% convinced, but not 100%.
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RE: Legal Nature of the Papua New Guinea Petroleum Arrangement - by admin - 05-14-2013, 01:26 PM

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