PNG’S GULF PROVINCE SEEKS OIL DEVELOPMENT BENEFITS

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PNG’S GULF PROVINCE SEEKS OIL DEVELOPMENT BENEFITS Wants gas processing plant, deep water port

PORT MORESBY, Papua New Guinea (The National, September 11, 2009) – Gulf provincial government has presented a position paper to the Government and InterOil, the developer of the second PNG liquefied natural gas (LNG) project.

The paper asked the National Government (through Department of Petroleum and Energy) and InterOil Corp and partners that included Petromin PNG Holdings Ltd to incorporate in the development agreement the following:

1) The commercial interest of the Gulf provincial and local government (GPLLG).

2) The recognition of GPLLG’s infrastructure development plan under industrial and petroleum park programme.

3) The equitable benefit sharing amongst legitimate landowners who were jointly verified in accordance with the social mapping scheme as provided by law.

A spokesperson from Gulf Governor Havila Kavo’s office confirmed the paper had been presented and referred to petroleum prospecting licence 237 (PPL237).

In its position paper, the GPLLG has asked that the downstream processing facility be located in the industrial and petroleum park in Gulf as stipulated under the law on the grounds that GPLLG has provided suitable land for the construction of LNG processing facilities, membrane storage tank, pumping station and or any other facilities.

It also said the GPLLG would construct deep-water port at Vailala/Orokolo Bay for the shipment of gas and condensate oil and facilities like airport, LNG power station, LNG processing facilities, allied industries processing facilities, and residential, commercial and public amenities.

It is understood the GPLLG had earlier met with InterOil staff especially on issues relating to social mapping and identification of legitimate landowners.

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