06-05-2013, 10:23 PM
PETRO-
*Ownership I don't know others might.
*Even GCA in their first report stated enough NG for 2 trains. So 3 reservoir report companies stated IOC has enough NG for two trains
That second train is very expensive for Exxon me thinks. IOC has permission per the Presser to go independent or can use EWC and that gets IOC 85% of the revenue from that train. Exxon must beat the EWC terms. Will they??
*The govt wanted a Super Major and to compel IOC to use a Super Major used that threat of taking 50%. IOC agreed to use Exxon and got what it wanted the right to go independent. The PNG govt can't afford to buy even 22.5% from Interoil. Thus they will be a seller of part of their interest in the finds.
All pictures in time subject to change.
*Ownership I don't know others might.
*Even GCA in their first report stated enough NG for 2 trains. So 3 reservoir report companies stated IOC has enough NG for two trains
That second train is very expensive for Exxon me thinks. IOC has permission per the Presser to go independent or can use EWC and that gets IOC 85% of the revenue from that train. Exxon must beat the EWC terms. Will they??
*The govt wanted a Super Major and to compel IOC to use a Super Major used that threat of taking 50%. IOC agreed to use Exxon and got what it wanted the right to go independent. The PNG govt can't afford to buy even 22.5% from Interoil. Thus they will be a seller of part of their interest in the finds.
All pictures in time subject to change.