A little snippet of good news (article below) I suppose in that Repsol appear to want to play in PNG! If so then will no doubt get into bed with a keen OSH (now that Total are running the show in Elk).
What will Repsol make of their newly acquired stake in Pandora??
Perhaps the quarterly due tonight will shed some light?
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03 July 2015 01:57 GMT
An executive from Spanish energy company Repsol is reportedly in Papua New Guinea reassuring the PNG government the company is committed to Talisman Energy's assets.
Repsol inherited Talisman's PNG assets as part of its takeover of the Canadian company.
Luis Cabra, Repsol's head of exploration and production, is this week meeting Prime Minister Peter O'Neill plus other political and industry leaders and to evaluate the company's PNG business, according to the PNG Post Courier.
"PNG has significant potential, and we are keen to deepen our knowledge as a matter of priority," Cabra was quoted as saying in the PNG Post Courier. "My message to political and industry leaders will be that Repsol is eager to work collaboratively with other industry majors and with government authorities and landowners."
Talisman has dominant acreage position in the Foreland basin in the west of PNG, and has built up a sizeable gas resource through drilling and acquisitions.
Talisman's ambition had been to build up enough reserves to underpin a liquefied natural gas project.
ENDS
