By PATRICK TALU
TRANS Wonderland Ltd (TWL), the flagship umbrella company representing seven gas-oriented landowner companies in Southern Highlands, has been rated the best practising local business concern.
TWL covers petroleum development licence (PDL) areas at Moran, Anogore Hides and Juha in the ExxonMobil-led PNG LNG project in the Southern Highlands.
TWL has been given a rating of 2.8, a shade away from the baseline of three-star rank, by the PNG LNG project enterprise centre (EC), which was tasked by ExxonMobil to assess landowner businesses.
EC assessment process measures against the minimum requirements that are required by contractors of the PNG LNG project.
The enterprise centre manager Sweta Sud lauded TWL for almost meeting all the requirements set by contractors of PNG LNG project, adding that the company was on the right track in terms of meeting the set practice criteria.
“I highly commend you for strategically putting in place the best management and organisational practices,” Sud said.
“You have comprehensively understood the process and started on the right track with high and best performance rating.
“It will also make the company’s dealing more transparent and accountable to shareholders and other stakeholders.”
TWL managing director Larry Andagali said his company was aggressively pursuing the 0.2 gap closure to hit the three-star rating.
“We are expecting to be the first landowner company to achieve a three-star rating by our next assessment next January.
“I strongly believe that developing a strong and sustainable landowner umbrella company meeting global best business practice and partnering with ExxonMobil would provide stable and cordial relationship with the local community, thus ensuring continuous and uninterrupted flow of gas during the entire lifespan of the LNG project.”