Firm eyes PNG LNG
The National, Friday 26th April 2013
EXECUTIVES of global giant, Total, met with Prime Minister Peter O’Neill yesterday and declared their keen interest in oil and gas exploration in the country.
Total, a French company, is number two in the LNG business in the world, recently opened a Singapore office with PNG in mind.
It already has a partnership agreement with Oil Search for exploration in the country but wants to carry out more under this partnership or on their own.
“We are very excited about PNG. We see this country as a land of opportunity. You have vast resources that can attract a lot of investors to your shores,” Jean-Marie Guillermou, president of exploration and production in the Asia Pacific region, said.
“Asia is a booming market for LNG, and PNG presents an exciting opportunity for us in upstream exploration,” Guillermou said.
O’Neill welcomed the company’s interest in investing in the LNG sector, saying: “We have been producing oil for over 20 years and our LNG is now about to take off.
“I’m pleased with your partnership with Oil Search. You have chosen a strategic partner in this business.”
“The government is open to investment that will provide opportunities for our people, and we will support you in your endeavours,” O’Neill said.