joint operating agreement (CDOA) to develop a massive US$10 billion liquefied natural gas (LNG) project in Papua New Guinea. The agreement covers issues related to governance, upstream operations, pipeline arrangements and gas liquefaction. The signatories include operator ExxonMobil (41.6%), Oil Search (34.1%), Santos (17.7%), AGL (3.6%), Nippon Oil (1.8%) and Landowner interests (1.2%). The…
PAPUA NEW GUINEA: Massive boost to economy seen from US$10 billion LNG project
Posted on March 19, 2008 by EnergyAsia