Total hails Oil Search as perfect PNG partner

[Kaliboo]

A review of OSH presentations shows that Total and OSH are and have been partners (OSH as operator) on many wells/leases in Png. So it doesn't strike it as a surprise that Total would view this deal at E/A as a positive.  OSH have been punching holes and sidetracks at a fast rate in PNG.  Coupling their geologic knowledge with IOCs will create a tremendous subsurface synergy that should shift the Ps curve significantly upward and accelerate the overall development of PNG resources.  If it can be agreed by all parties the maximum profit is to max out the XOM PNG LNG plant to 8 trains and then build the 2nd plant.  This means XOM has to get a nice piece of the leases.  Can all parties agree to such a grand deal?  Time will tell.