Bizarre that Minister Pok has turned on PNG's own national petroleum company Kumul which has a sizable stake in Stanley and the WLNG.
A CONSORTIUM of international oil and gas companies has launched legal proceedings against the PNG Government over the proposed cancellation of one of the country’s most high-profile petroleum licences.
Discussions between PNG Petroleum Minister Dr Fabian Pok and members of the PDL-10 licensees including global Spanish energy company Repsol (Operator), PNG national oil company, Kumul Petroleum, Horizon Oil and Osaka Gas, have fallen through with regard to the Minister’s notices of intention to cancel Petroleum Development Licence 10, Pipeline Licence 10 and notice of termination of the Stanley Gas Agreement.
Ann: PDL 10 - Initiation of Arbitration Proceedings, page-46
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