IOC/TOT 8Mtpa LNG Plant

[Tree]

"We have very high productivity wells. We’ve got the land ready to go to build the LNG plant. We own, we have a 99-year lease on the former Australian Naval Base in Papua New Guinea because so have no landowner rights issues, nothing that’s stopping us. We have a jetty system there. We own the harbor rights. We’ve got a deep-water port. We’re taking tankers now to bring crude oil into our refinery. All that’s ready to go with low cost gas."

Wayne Andrews - transcript from that secretly taped Short Side meeting in 2009, trying to catch Wayne saying illegal stuff.

Today we have TOT as 8Mtpa LNG partner and prospects for more discoveries seem near miss.

PNG LNG has expansion roof for 8 trains.  Some of the most exciting prospects in IOC acreage are in lower PPL236 which is ~60 miles up a National Hwy from Port Mresby.

LNG plant location adjacent to the refinery a mile across the bay from Port Moresby made the most sense then, and even more sense today.

IOC refinery needs expansion, mega-petroleum park needs a home, much engineering and more triains can now be supported in PNG.

Does anyone think TOT will prefer to civilize The Gulf or develop where it's civilized, like XOM did?

 A mere $800 million subsea pipeline makes it possible.  And that could be "Right next to Exxon's".

Aldorf stated way back that there was over a $billion in infrastructure savings by placing the LNG plant near the old HMAS Basilisk Naval Base.  Operational, management, maintenance and security savings over 20 yrs. will be enormous.

Kavo will still be tickled with mega development in the Gulf to develop the fields.

The Gulf location ws never better for an LNG project, it was just better for the EWC/FLEX scheme.

http://www.nationsonline.org/oneworld/ma...oresby.htm

(Edited by shuczar to add the picture)

(Edited by shuczar to add the proposed napa napa location)

Zoom in on IOC refinery and infrastructure, just  a mile across the bay. E of Port Moresby, at the end of Napanapa Road.  The 'laydown area' which IOC built next to the refinery is of same shape as IOC's proposed LNG plant for that site in old presentations.  Logic says a mega project could be build faster in napanapa than in the Gulf.

IOC roadshow meetings already this week in Paris, London and NY last night.  Boston on Friday.  Philstar.com moles at meetings this week are more than pleased with IOC deal with TOTAL

[TomCrooz]

"We have very high productivity wells. We’ve got the land ready to go to build the LNG plant. We own, we have a 99-year lease on the former Australian Naval Base in Papua New Guinea because so have no landowner rights issues, nothing that’s stopping us. We have a jetty system there. We own the harbor rights. We’ve got a deep-water port. We’re taking tankers now to bring crude oil into our refinery. All that’s ready to go with low cost gas."

Wayne Andrews - transcript from that secretly taped Short Side meeting in 2009, trying to catch Wayne saying illegal stuff.

Today we have TOT as 8Mtpa LNG partner and prospects for more discoveries seem near miss.

PNG LNG has expansion roof for 8 trains.  Some of the most exciting prospects in IOC acreage are in lower PPL236 which is ~60 miles up a National Hwy from Port Mresby.

LNG plant location adjacent to the refinery a mile across the bay from Port Moresby made the most sense then, and even more sense today.

IOC refinery needs expansion, mega-petroleum park needs a home, much engineering and more triains can now be supported in PNG.

Does anyone think TOT will prefer to civilize The Gulf or develop where it's civilized, like XOM did?

 A mere $800 million subsea pipeline makes it possible.  And that could be "Right next to Exxon's".

Aldorf stated way back that there was over a $billion in infrastructure savings by placing the LNG plant near the old HMAS Basilisk Naval Base.  Operational, management, maintenance and security savings over 20 yrs. will be enormous.

Kavo will still be tickled with mega development in the Gulf to develop the fields.

The Gulf location ws never better for an LNG project, it was just better for the EWC/FLEX scheme.

http://maps.google.com/maps?q=-7.167308,...63&t=h&z=8

Map of EA location, pan down and right to Port Moresby.  Zoom in on IOC refinery and infrastructure a mile across the bay. E of Port Moresby.  The 'laydown area' which IOC built next to the refinery is of same shape as IOC's proposed LNG plant for that site in old presentations.  Logic says a mega project could be build faster in napanapa than in the Gulf.

IOC roadshow meetings already this week in Paris, London and NY last night.  Boston on Friday.  Philstar.com moles at meetings this week are more than pleased with IOC deal with TOTAL

I click on yor link snd the Bay of Papua looks suspiciously like Lake Erie

http://maps.google.com/maps?q=-7.167308,...63&t=h&z=8

[Palm]

And we have commented many times over the last couple of years that all of that excavation at Napa Napa MIGHT just be for a laydown area, but when you look at it now against the original plan for a plant there it is "Erie-ly" similar. They didn't just extend the area out and make it all flat; they excavated the other parts of the area too. Very close indeed.

[Tree]

[/quote]

I click on yor link snd the Bay of Papua looks suspiciously like Lake Erie

[/quote]

Sorry about that Brutus, somehow I posted the link to Maui's Beach Hut where philstar.com is holding a roadshow.

Here is a good link.

http://www.nationsonline.org/oneworld/ma...oresby.htm

[Palm]

Now compare that with slide 31 here:
http://www.interoil.com/iocfiles/documen...Oil_RJ.pdf

Or the inset on slide 34 here:
http://www.interoil.com/iocfiles/documen...Final_.pdf

[jft310]

Smart team we have or not

[Tree]

"We have very high productivity wells. We’ve got the land ready to go to build the LNG plant. We own, we have a 99-year lease on the former Australian Naval Base in Papua New Guinea because so have no landowner rights issues, nothing that’s stopping us. We have a jetty system there. We own the harbor rights. We’ve got a deep-water port. We’re taking tankers now to bring crude oil into our refinery. All that’s ready to go with low cost gas."

Wayne Andrews - transcript from that secretly taped Short Side meeting in 2009, trying to catch Wayne saying illegal stuff.

Today we have TOT as 8Mtpa LNG partner and prospects for more discoveries seem near miss.

PNG LNG has expansion roof for 8 trains.  Some of the most exciting prospects in IOC acreage are in lower PPL236 which is ~60 miles up a National Hwy from Port Mresby.

LNG plant location adjacent to the refinery a mile across the bay from Port Moresby made the most sense then, and even more sense today.

IOC refinery needs expansion, mega-petroleum park needs a home, much engineering and more triains can now be supported in PNG.

Does anyone think TOT will prefer to civilize The Gulf or develop where it's civilized, like XOM did?

 A mere $800 million subsea pipeline makes it possible.  And that could be "Right next to Exxon's".

Aldorf stated way back that there was over a $billion in infrastructure savings by placing the LNG plant near the old HMAS Basilisk Naval Base.  Operational, management, maintenance and security savings over 20 yrs. will be enormous.

Kavo will still be tickled with mega development in the Gulf to develop the fields.

The Gulf location ws never better for an LNG project, it was just better for the EWC/FLEX scheme.

http://www.nationsonline.org/oneworld/ma...oresby.htm

(Edited by shuczar to add the picture)

(Edited by shuczar to add the proposed napa napa location)

Zoom in on IOC refinery and infrastructure, just  a mile across the bay. E of Port Moresby, at the end of Napanapa Road.  The 'laydown area' which IOC built next to the refinery is of same shape as IOC's proposed LNG plant for that site in old presentations.  Logic says a mega project could be build faster in napanapa than in the Gulf.

IOC roadshow meetings already this week in Paris, London and NY last night.  Boston on Friday.  Philstar.com moles at meetings this week are more than pleased with IOC deal with TOTAL

Thanks for the pics Shuzar.  What an amazing coincidence.

Speaking of info. from roadshow............From a start-up perspective, Gulf LNG not in the Gulf, but in napanapa can be accelerated could it not?

Engineering, social mapping, easements, soil samples, complete for CSP.  Construction, engineering, land acquisition, existing infrastructure in napanapa.

What is missing is a subsea pipe, which contractors now know costs and how to re-produce and a couple of delineation wells.

Will TOT move to acceleration?  That depends on the LNG market.  Is there an LNG supply gap?

[jft310]

"We have very high productivity wells. We’ve got the land ready to go to build the LNG plant. We own, we have a 99-year lease on the former Australian Naval Base in Papua New Guinea because so have no landowner rights issues, nothing that’s stopping us. We have a jetty system there. We own the harbor rights. We’ve got a deep-water port. We’re taking tankers now to bring crude oil into our refinery. All that’s ready to go with low cost gas."

Wayne Andrews - transcript from that secretly taped Short Side meeting in 2009, trying to catch Wayne saying illegal stuff.

Today we have TOT as 8Mtpa LNG partner and prospects for more discoveries seem near miss.

PNG LNG has expansion roof for 8 trains.  Some of the most exciting prospects in IOC acreage are in lower PPL236 which is ~60 miles up a National Hwy from Port Mresby.

LNG plant location adjacent to the refinery a mile across the bay from Port Moresby made the most sense then, and even more sense today.

IOC refinery needs expansion, mega-petroleum park needs a home, much engineering and more triains can now be supported in PNG.

Does anyone think TOT will prefer to civilize The Gulf or develop where it's civilized, like XOM did?

 A mere $800 million subsea pipeline makes it possible.  And that could be "Right next to Exxon's".

Aldorf stated way back that there was over a $billion in infrastructure savings by placing the LNG plant near the old HMAS Basilisk Naval Base.  Operational, management, maintenance and security savings over 20 yrs. will be enormous.

Kavo will still be tickled with mega development in the Gulf to develop the fields.

The Gulf location ws never better for an LNG project, it was just better for the EWC/FLEX scheme.

http://www.nationsonline.org/oneworld/ma...oresby.htm

(Edited by shuczar to add the picture)

(Edited by shuczar to add the proposed napa napa location)

Zoom in on IOC refinery and infrastructure, just  a mile across the bay. E of Port Moresby, at the end of Napanapa Road.  The 'laydown area' which IOC built next to the refinery is of same shape as IOC's proposed LNG plant for that site in old presentations.  Logic says a mega project could be build faster in napanapa than in the Gulf.

IOC roadshow meetings already this week in Paris, London and NY last night.  Boston on Friday.  Philstar.com moles at meetings this week are more than pleased with IOC deal with TOTAL

Thanks for the pics Shuzar.  What an amazing coincidence.

Speaking of info. from roadshow............From a start-up perspective, Gulf LNG not in the Gulf, but in napanapa can be accelerated could it not?

Engineering, social mapping, easements, soil samples, complete for CSP.  Construction, engineering, land acquisition, existing infrastructure in napanapa.

What is missing is a subsea pipe, which contractors now know costs and how to re-produce and a couple of delineation wells.

Will TOT move to acceleration?  That depends on the LNG market.  Is there an LNG supply gap?

Spot market is $19 and that has the best msrgins

expect long term LNG deals for financing purposes but a portion held back maybe 20 percent for the spot market

[ArtM72]

Seems to me IOC had identified several years back a high limestone bluff near Kerema on which the LNG plant would be placed, suggesting the most significant site work...finding a suitable location...had already been accomplished. Ditto with the jetty system predesign for the LNG processing/transport. A greenfield facility requiring basic infrastructure for sure, but at least they don't have to worry about finding and relocating existing underground utilities:-)

I continue to be optimistic that if/when this deal closes Total will aggressively pursue resource confirmation and construction and the current dates being discussed are very conservative worst case. The sooner this gas gets to market the better for all involved (excepting maybe those currently building very expensive LNG facilities who might have concerns about local NG market impact should a truly major facility develop over the next couple of years).

[Tree]

(Nice to have options and PM appears to be the fastest to start up.)

Westlakes Update 12/16/13:

"Total will seek to build an independent LNG project either in the Gulf Province or Port Moresby. Total might bring in a regional partner

(Most likely Oil Search, Ltd.) to buy part of its stake, which could create a center for gas development and cost synergies."

(Edited by shuczar to add the picture)