11-17-2013, 12:52 AM
Thanks for that Palm.
IOC's best interests in these deals define PNG's best interests in the partnership. Crappy deal for IOC, crappy deal for PNG.
Wouldn't that be something if IOC/PNG acts in their best interests in exactly how PRL15 and 237 resources are dedicated?
No Aha here, but best interests would include PNG LNG expansion of a couple of trains as well as a greenfield Gulf LNG Project, with a SM leading the way. Best interests in Gulf would include factors as
1) speed of project delivery
2) best ROI for partners
3) Involved nameplate SM
4) lowest cost construction
5) expansion increments which are easy to sell and finance
Doesn't sound like a large stick built plant in the Gulf, if the Gulf has a project.
If only there was an LNG scheme that could deliver all 5.
Depending on who that SM is it would greatly simplify the Upstream operations.
IOC's best interests in these deals define PNG's best interests in the partnership. Crappy deal for IOC, crappy deal for PNG.
Wouldn't that be something if IOC/PNG acts in their best interests in exactly how PRL15 and 237 resources are dedicated?
No Aha here, but best interests would include PNG LNG expansion of a couple of trains as well as a greenfield Gulf LNG Project, with a SM leading the way. Best interests in Gulf would include factors as
1) speed of project delivery
2) best ROI for partners
3) Involved nameplate SM
4) lowest cost construction
5) expansion increments which are easy to sell and finance
Doesn't sound like a large stick built plant in the Gulf, if the Gulf has a project.
If only there was an LNG scheme that could deliver all 5.
Depending on who that SM is it would greatly simplify the Upstream operations.