MOU's are big deals. JAPEX back in MOU, which RDS bumped them from, with PNG for E/A is no accident.
Posted at 04:26 on 04 August, 2008 UTC
Papua New Guinea’s poorest and most rural province, Gulf, could become one of the most industrialised parts of the country after an agreement with one of South Korea’s leading manufacturing and petroleum companies.
The National Government has signed an MOU which aims to foster a bilateral economic relationship between PNG and South Korea through the establishment of an industrial and petroleum park in the province.
The MOU was signed with Samchang Enterprises Company Limited’s chairman and one of South Korea’s powerful businessmen, Doo Chul Lee.
Samchang intends setting up the park with down-stream processing facilities in the Kikori area of Gulf Province.
The Governor of Gulf Province, Havila Kavo, says it is hoped the province will benefit from a technological transfer and foreign investment.
The planned gas pipeline from Southern Province will pass through Gulf while there have also been new gas fields found within Gulf.
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29 March, 2010
Japex is a publicly listed company and partly owned by the Japanese Government. It is the exploration and development company with oil and LNG interests in
The Agreement on Principles for a Long-term Strategic Partnership was signed in Tokyo on Tuesday 30th March, 2010 in the presence of the Prime Minister, Grand Chief Sir Michael Somare by the President of Japex, Mr Osamu Watanabe and Managing Director of Petromin, Mr. Joshua Kalinoe.
In the signing ceremony, Mr. Kalinoe said the purpose and intent of the Agreement is significant for Petromin because of the value it will bring to the development efforts of the company in both operational and human resource development. Mr. Kalinoe said the Agreement allows Japex and Petromin to work together in assessing the development opportunities in the hydro -carbon business in
Mr. Kalinoe said both Japex and Petromin have agreed to form a relationship that would also facilitate Petromin’s financial obligations in exploration and development, including the Elk/Antelop LNG project.
As part of the strategic partnership agreement, a number of technical staff from Petromin will be travelling to
Mr. Kalinoe said, he is excited about the long-term benefit that this relationship with Japex will bring to the capacity building needs of Petromin in both human resource development and technology transfer.
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4 July, 2010
Caption: Petromin Managing Director and CEO, Joshua Kalinoe (right) and Mitsui General Manager, Second Projects Development Division, Motofumi Suzuki sign the accord on Friday 2nd July in Port Moresby at the Petromin Board Room. Witnessing the signing are senior members of Mitsui and Petromin.
Papua New Guinea’s national oil, gas & minerals company, Petromin PNG Holdings Limited, has signed an MOU on Friday in Port Moresby with Mitsui & Co Ltd, Japan’s major trading company, to jointly undertake feasibility studies designed to identify and establish new PNG businesses based on the country’s gas resources.
Petromin Managing Director and CEO, Joshua Kalinoe and Mr Shintaro Ambe, Managing Officer of Mitsui’s Infrastructure Projects Business Unit said in a joint statement that Petromin and Mitsui want to see downstream businesses established which will create long term employment opportunities for Papua New Guineans.
Mitsui’s Infrastructure Projects Business Unit
Want some fun? Look into this Mitsu Unit. Nations offer more to IOC and PNG than SMs ever can.
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