'jft310' pid='40670' datel Wrote:The more time to drill and find more gas and maybe oil. Not bad. O'Neil will have kittens if this is delayed. He has till early 2015 to make his mark. Exxon needs this to go forward. What LNG rate are you willing to give IOC and Total????, Mr Exxon???Hint zero is the wrong answer.
I've looked again at the OSH 12/431/14 reserves statement (http://www.oilsearch.com/Our-Activities/Reserves-and-Resources.html) and also at Santos' . I just don't see much more than 4.67 TCF available (other than the associated gas from the oil wells), pending great new results from Hydes Deep. Somebody, help me out here. It doesn't appear that 4.67 TCF noted by OSH was their percentage of anything. In fact, it looks a lot like the number used in the article at http://www.hydrocarbons-technology.com/projects/pnglng/. That's an old article, but interestingly cited Hides, Angore and Juha to contribute 3-4 TCF with IOC's Elk/Antelope the rest.
P'nyang was evidently the hope for Train 3 but its problems were well documented in Resourcecarb's SA article (http://seekingalpha.com/article/1385261-...eroils-gas). What Resourcecarb didn't question was whether there was enough gas for Train 2. Maybe the associated gas will be enough to fit that bill, it's just not talked about much.
So my question is does PNG LNG NEED E/A gas to run its two trains at capacity? Is this the real problem confronting OSH? If so, who is in the driver's seat?
