Minerals firm a major investment partner for the long haul: Aopi

National

OIL Search has and will remain a significant investor in Gulf, says the company’s executive general manager of stakeholder engagement, Gere Aopi.
He said Oil Seach had invested K3.2 billion in the province over the past five years.
There will be another K1.1 billion spent over the next three years on exploration work.
Aopi said: “Large-scale LNG projects were long-dated and required commercial robustness versus competing projects globally. Gulf development and job creation aspirations are acknowledged and Oil Search, through the Oil Search Foundation, had invested in the wellbeing of the people of Gulf.”
“Over K3 billion has  been spent on exploration, offshore and onshore.”
Aopi said Oil Search’s history  with Gulf goes back to  1929, when it operated as the Australian Petroleum Company. This would continue with the Papua LNG Project and other projects in the province.
“We’re here for the long haul,” he said. “With the resources that we have discovered in Gulf, we’ll probably be here for another 100 years.
“We also have great partners in TOTAL and ExxonMobil. Oil Search, together with the government, will take up a little over 20 per cent. Landowners will also participate in the project. It’s a really good combination.”

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