05-02-2012, 08:14 PM
>> Perhaps Phil or Dave have already given Grant Worner a call?
From the May 2012 NGE corporate presentation:
Drilling Rig Context
- Unprecedented level of drilling activity - 8 wells in 2011 in the Western Province alone
- Few (<5) suitable, available drilling rigs in PNG
- Constrained drilling activity and high costs
Mitigation
- NGE a 50% JV partner owning a fit-for-purpose drilling rig optimised to move with a medium-lift helicopter in loads of less than four tons
- Further strengthens NGE's strategic low cost operations advantage
- Becomes an additional source of revenue when used by the broader PNG oil and gas industry
From the May 2012 NGE corporate presentation:
Drilling Rig Context
- Unprecedented level of drilling activity - 8 wells in 2011 in the Western Province alone
- Few (<5) suitable, available drilling rigs in PNG
- Constrained drilling activity and high costs
Mitigation
- NGE a 50% JV partner owning a fit-for-purpose drilling rig optimised to move with a medium-lift helicopter in loads of less than four tons
- Further strengthens NGE's strategic low cost operations advantage
- Becomes an additional source of revenue when used by the broader PNG oil and gas industry
