Sigh. But PNG LNG expansion was only mentioned here:
"During the quarter, the PRL 3 joint venture continued to advance technical, environmental and social baseline field studies on the P’nyang gas field in PRL 3 (Oil Search – 38.51%), focused on the potential development of P’nyang as a resource for PNG LNG Project expansion. The final line of the 2D seismic programme over P’nyang was completed and a full re-evaluation of all the seismic data commenced. Preparations for the submission of a development licence application for the field will continue through 2014 based on studies completed in 2013."
So their "charge" from XOM for expansion is outside EA. They will likely first pursue all possibilities within their license areas; they go runnng to EA for PNG LNG expansion and the government may say, "What about your license commitments to your own license areas?" IOC doesn't need their seismic or drilling "expertise", because IOC has that under control. OSH doesn't have cash to pump into IOC's deal and they don't have resources to offer. XOM will keep them tied down and committed to PNG LNG. We don't need them. Bring in JAPEX or someone like that; now that makes sense. If XOM wants/needs gas for PNG LNG because OSH can't supply it, why would XOM think it's a good idea for OSH to join PRL 15 so they get access to the gas. At that point XOM would become a minority owner in PRL 15 and get access to the gas.