'petrengr1' pid='23050' datel Wrote:OK, so you think the sell down of PRL 15 is over and that Exxon will probably be the new Operator of the PRL. That was about what I thought except I was not sure about the Operatorship. I agree that this has nothing to do with a "possible" Gulf LNG Plant. If Exxon is involved it that it may be negotiated later but I doubt that they have any interest in another LNG Plant since they have their own.
Yes I agree, XOM does not need another plant. XOM now has what they want and that is additional trains. I think they will be happy to max out their sub sea pipeline and then seek future feed for trains from PRL 236. XOM/IOC/PACLNG/Gov't and new SD partner will own pro rata, the PRL, the CSP and pipelines to Gulf and XOM will own gas beyond the shore. Seems like a perfect time to have an EWC situation comitted to Gulf LNG and work on a royalty as XOM and partners will have dry gas feed to the proposed site. Only need a production facility and jetty and boats are loaded.
PRL 15 has 8 + Ts and if XOM buys 4 Ts PRL 15 is left with a bit over 4 Ts. Delineation wells and Tri will be needed for a FID on Gulf LNG.