11-13-2013, 01:50 AM
I found it interesting and potentially revealing that when asked about the size of the E/A resource Hession stated at least twice it was more than sufficient to underpin an LNG project. That, with the Kavo support, tells me at least one of the standard packages is the Gulf LNG deal. Hession's mention of Wahoo's proximity to Moresby tells me Train 3 or 4 of PNG LNG will likely have to wait to be underpinned either by discoveries in PPL 236 or resource in excess of that needed for Gulf LNG and yet to be identified on IOC's other properties.
Given the magnitude of the new drilling program we certainly might still see IOC first gas being liquified in Port Moresby.
Given the magnitude of the new drilling program we certainly might still see IOC first gas being liquified in Port Moresby.

