02-16-2012, 07:48 AM
This is more than just a little amazing. The same government that reamed IOC for not having everything in proper order sort of looked the other way during the WHOLE PNG LNG PDL application and approval process. The same DPE headed a good bit of the time by Mr Duma pushed through the approval without having some of the most important processes and documentation in place. Then you think about the whole FID process and banks EX-IM agencies that very likely expected that all of this was in order as they approved financing.
So how does this same country now tell IOC that they can't move forward unless they do things exactly as they "are required" (by what requirements?), including possibly forcing Shell into the project? And people wonder if JKM will be allowed a legitimate shot at the project. Would love to hear that conversation when PNG tries to explain to the 2 largest importers of LNG in the world why their long established, fully integrated, humongous O&G companies don't offer what it takes for IOC's project to be considered as having legitimate proven technology, and end up being a fully integrated project. How many trips have taken place where PNG/Petromin personnel have gone to Japan and Korea to learn about hydrocarbon field development and LNG production methods? Who's the most qualified in this whole "shell game"?
So how does this same country now tell IOC that they can't move forward unless they do things exactly as they "are required" (by what requirements?), including possibly forcing Shell into the project? And people wonder if JKM will be allowed a legitimate shot at the project. Would love to hear that conversation when PNG tries to explain to the 2 largest importers of LNG in the world why their long established, fully integrated, humongous O&G companies don't offer what it takes for IOC's project to be considered as having legitimate proven technology, and end up being a fully integrated project. How many trips have taken place where PNG/Petromin personnel have gone to Japan and Korea to learn about hydrocarbon field development and LNG production methods? Who's the most qualified in this whole "shell game"?