To my opinion, their desire for "integration" of the projects means Unitization and equal ownership of all assets. IOC doesn't have the CA$H to do this easily.
It's not a coincidence that OSH says they will wind up with NET 29% of Papua LNG (exactly the same as their PNG LNG Stake) to align their interests.
TOTAL will buy into PNG LNG using their NET 48% Share of Papua LNG.
It is sheer stupidity to have two separate LNG Plants side-by-side run by two separate oil majors when you have the opportunity to have only one operator.
They can be run separately and still have some minor integration, but major savings come by Unitizing
It's not a coincidence that OSH says they will wind up with NET 29% of Papua LNG (exactly the same as their PNG LNG Stake) to align their interests.
TOTAL will buy into PNG LNG using their NET 48% Share of Papua LNG.
It is sheer stupidity to have two separate LNG Plants side-by-side run by two separate oil majors when you have the opportunity to have only one operator.
They can be run separately and still have some minor integration, but major savings come by Unitizing
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