OIL COMPANY PAYS PNG LANDOWNERS

PORT MORESBY, Papua New Guinea (PNG Post-Courier, Dec. 3) - Landowners in Gobe, in Papua New Guinea’s Southern Highlands province, will have something to celebrate this Christmas as Gobe Field Engineering company handed over a windfall of K200,000 (US$62,000) in management fees to them. 

Gobe is an area of intense oil and gas development in PNG.

Yesterday, directors of the GFE board met in Gobe and distributed money for each of the eight clans that make up the company.

The Post-Courier observed representatives of each landowner group receiving and leaving for their remote villages to distribute their respective share of the company’s profits.

GFE general manager Trevor Cooper said the company had been doing well in the last couple of years. He said the management fees paid to the landowners was from the profits of GFE. 

"This is a direct benefit to the landowners," he said. "It is the fruits of the work of the company."

Mr Cooper said the company was proud of its skilled PNG workforce.

He said the company had a good year — no accidents, injuries, fires or spills "which is a world-class performance consistent with Oil Search’s goal of incident-free operations". 

He said the value of the company now stood at K4 million (US$1.2 million). 

Mr Cooper said three years ago the company paid up the K6 million loan it got from Chevron Niugini in 1997 to start the Gobe Field Engineering. 

GFE secretary Dickson Tasi said the company was proud to pay out the landowners. 

(Post-Courier editor’s note: Gobe Field Engineering company provided transport and accommodation for our reporter.)

December 3 ,2003

Papua New Guinea Post-Courier: www.postcourier.com.pg/

 

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