ExxonMobil

ExxonMobil PNG Ltd, the operator of the PNG LNG Project, has stepped up again as the proud Gold sponsor of the 49th Hiri Moale Festival with K150,000. This contribution demonstrates EMPNG's respect for the four Motu Koita villages neighboring the LNG Plant site outside Port Moresby.

EMPNG's Chairman and Managing Director, Peter Larden, said the festival is a significant event for the communities of Boera, Papa, Lealea, and Porebada, as well as the people of Gulf Province whom they traded with.

The signing of the gas agreement marks a major milestone for the project, setting out the fiscal framework and supporting project scoping and evaluation.

Upon completion, up to five per cent of P’nyang gas produced would also be made available to support the government’s electrification efforts in Western Province or another agreed location.

St. John Ambulance in partnership with corporate organizations has launched an air ambulance service to take critical medical assistance to people in remote areas.
ExxonMobil PNG, the operator of the PNG LNG Project recently announced its support to St. John Ambulance’s effort to improve public health initiatives in the country.
“The safety and health of local communities is a priority,” said ExxonMobil PNG’s Medicine and Occupational Health Manager, Dr. Nirven Kumar.

Prime Minister Marape announced this in a statement after negotiations between the SNT and ExxonMobil failed to reach an Agreement on the P'nyang LNG Project.

The Prime Minister stated his displeasure over ExxonMobil failing to migrate towards a mid-point which the State takes home a better deal, instead of terms similar to concession-based gas agreements PNG.

He said he is satisfied that the SNT has subscribed to the mandate bestowed upon Petroleum Minister, Kerenga Kua, and ExxonMobil has been told what their intentions are.

Western Governor, Taboi Awi Yoto, and North Fly MP, James Donald, announced in a joint statement their endorsement of the Prime Minister stance to stop negotiations and focus on other resource projects currently in the pipeline.

According to the statement the leaders said PNG was entitled to a fair deal. And after the PNG LNG Project, they expectied ExxonMobil and project partner, Oil Search, to display commercial fairness and reasonableness.

The leaders said the companies chose to discard these core virtues.

Following the signing of the Memorandum of Understanding between the State and Total and its partners, ExxonMobil and Oil Search, the Prime Minister said they are happy with the current framework.

According to a statement issued by Mr Pruaitch, he said there is no plausible reason why ExxonMobil, as the largest equity holder in the US$20 billion venture, has never been the single largest company tax payer since LNG exports commenced in 2014.

The Opposition leader stressed that as an unincorporated joint venture, all five joint venture partners, including Kumul Petroleum, adopt identical accounting standards so the share of profits and taxable income of each partner is broadly comparable and should reflect their individual equity holdings.

The landowners said there is no formal agreement between them, the Government and ExxonMobil and called for a new agreement to be established to cater for their royalty payments.

The landowners are from the 16 ILG clans of the Komo airfield.

The landowners spokesperson Michael Tiki said the Government continues to fail the legitimate landowners by not honoring the UBSA and LBSA agreements in terms of royalty benefits, business development grants, Infrastructure Development Grants and High Impact Projects.

LNG exports are expected to resume soon.

One train is currently operating at the LNG plant near Port Moresby. The plant’s second train is expected to restart as production is increased over time.  

During the period that production was shut-in, ExxonMobil was able to complete unrelated maintenance scheduled for later in the year to allow for more efficient operations in the months ahead.

A 10 member team made one of the first visits possible to the area since the earthquake.

They included The United Church, The Salvation Army, the International Organisation for Migration, the Adventist Development and Relief Agency (ADRA) and the United Nations Development Programme (UNDP),

The team delivered some basic essentials such as shelter, water and sanitation support to the Para Clinic whilst rapidly assessing the level of damage, the immediate needs of those affected, and how resources can be mobilised and local health centres supported.