'Palm' pid='26095' datel Wrote:........ Oil Search has a 29 per cent interest in PNG LNG's first two trains, which are now 90 per cent complete, but has no interest in the InterOil fields. ........
Let us look at the original OSH source and not some half hearted rehash in a news article.
During the quarter, ExxonMobil entered into exclusive negotiations with InterOil and Pacific
LNG Group, regarding the development of PRL 15 in the PNG Gulf Province, which contains the
Elk and Antelope gas fields. The discussions are focused on InterOil and Pacific LNG selling
ExxonMobil sufficient gas to develop an additional LNG train at the PNG LNG Project site. We
are watching the progress of these negotiations with interest, as should this gas be brought
into the PNG LNG Project, it is likely that Oil Search will have an opportunity to participate in
this expansion.”
How does We are watching the progress of these negotiations with interest become but has no interest in the InterOil fields?
The relevent part is "as should this gas be brought into the PNG LNG Project, it is likely that Oil Search will have an opportunity to participate in this expansion"
Either the gas will be sold to PNG LNG, or the PNG LNG partners will buy into the XOM share of the IOC gas is how I currently understand it.
Let us wait and see how it all falls out in time.