Jeff Woodbury, Pres. Investor Relations for XOM, made these coments last week in Q3 discussion. Think there is XOM collaboration with OSH in these arbitration hearings and maybe a little political pressure applied as well??:
..."Papua New Guinea, where ExxonMobil’s giant PNG LNG project came online this year, is another area where the company may look to progress operations significantly.
Asked if the company was looking at additional LNG trains to monetise a recent gas discovery or to handle third-party gas, Woodbury said: “Everything is on the table in terms of what we do there.”
The company has an active exploration programme in PNG and is considering other exploration programmes, he continued, but the next step was to “consider the economic viability of incremental trains”.
The PNG LNG plant was, he said, designed to easily integrate additional trains, so this would be more competitive than another Greenfield site.
“We are looking at opportunities to add to (the recent discovery).”
