Essay about Pid Amuleto Papua Fresh Guinea

Talisman's LNG in Papua New Guinea

A Project Initiation File written with the purpose of choosing the best approach of the company's solutions in Papua New Guinea

Andrei Catalin Onose

29. eleven. 12

Content material

Summary………. ………………………………………………………….. ii

1 . Introduction

installment payments on your 1 Papua New Guinea…………………………………………………………1 2 . a couple of Talisman in Papua Fresh Guinea…………………………………………1

2 . Business case…………………………………………………………………2/3

3. Stakeholder analysis

4. three or more Papua Fresh Guinea Government………………………………………... 3 some. 4 Amuleto Partners…………………………………………………………3 four. 5 Papua New Guinea Population…………………………………………. 4 4. 6 Local landowners………………………………………………………….. 4 four. 7 Stakeholder analysis………………………………………………………. four

4. Task development plan

5. almost eight Project scope…………………………………………………………………6 5. being unfaithful Objective………………………………………………………………………7 a few. 10 Important success factors…………………………………………………….. 7

a few. Constraints and Assumptions

six. 11 Assumptions…………………………………………………………………. 8 6th. 12 Constraints……………………………………………………………………8

6. Risk assessment plan………………………………………………………. 9

7. Project Strategy

7. one particular Phase 1…………………………………………………………………….. 9/10 several. 2 Stage 2…………………………………………………………………………10 several. 3 Phase 3…………………………………………………………………………10

almost 8. Project Budget……………………………………………………………. 10/11

on the lookout for. WBS & Gant Graph

10. Conclusion………………………………………………………………………. 11

10. References…………………………………………………………………13/14 1 ) Introduction

1 . 1 . Papua New Guinea

Papua Fresh Guinea or maybe the Independent Express of Papua New Guinea is a country located in Oceania that takes up the Asian part of New Guinea Area. It is situated in the To the south Western portion of the Pacific Ocean and apart from the mainland it also provides numerous islands. The population is all about 6. two million people and over 800 languages happen to be spoken in this article because of the quite a few tribes that live on the island. many of these of the human population lives in countryside areas and in many places subsistence agriculture (BBC News Asia 2012). Although Papua New Guinea had one of the primary economic develops in the world this year (Raising the profile of PNG in Australia Australian Section of International Affairs 2012) poverty continues to be a big issue. Nonetheless Papua New Guinea remains one of many last places on earth using a vast number of resources. Is it doesn't 12th largest producer of gold and 13th of cooper and a lot of describe it as " an area of precious metal in a marine of petrol and gas” At this point it is considered the gas supplies are around 22. your five trillion cubic feet. From the gas and oil industry comes 60% with the countries GROSS DOMESTIC PRODUCT (CIA company 2011). Problem and bribe, political instability and recent disputes with its traditional western neighbor Dalam negri make Papua New Guinea a very tough environment for us to expand our affairs.

1 . two Talisman stakes in PNG

By purchasing the local organization " RIFT” in August 2009 our company became one of the main players in PNG. Together with Rift's licenses we have now own 18 licenses and our likely aggregation of gas approximately 5 trillion cubic feet (Highbeam 2009). In addition to this, in February 2012 all of us signed a contract with Mitsubishi worth of $280 mil dollars, providing them with stakes in 9 out from the 14 licenses we individual on PNG. Following this deal, Talisman and Mitsubishi include stakes between 20% and 40% and PNG federal government 40% making Mitsubishi each of our major spouse. (Talisman, 2011) " Previous in Dec-2011, Talisman interested RFC Corporate Finance to find a strategic partner for four licences viz. PPL 235, PPL 261, PRL 4 and PRL 21 in Papua New Guinea” (derrickpetroleum. com/2012) These are generally the wells were we own the highest stakes and to benefit the most from them my personal recommendation should be to start with these kinds of ones.

1 . Business circumstance

Due to each of our challenging financial situation at the moment, which has a loss of $731 million dollars in the third quarter, our project in PNG has to be...

References: Adelman, J and Okada, Sumado a. (2012). В LNG-Soaked Japan Burns up Oil while Nuclear Reactors Sit Idle. В Available: http://www.businessweek.com/news/2012-03-28/lng-soaked-japan-burns-oil-as-nuclear-reactors-sit-idle. Last reached 13 Dec 2012.

Confidential. (2012). В Argus LNG Daily. В Available: http://www.argusmedia.com/Natural-Gas-LNG/Argus-LNG-Daily. Last accessed 13 December 2012.

Private. (2011). В COUNTRY COMPARISON:: NATURAL GAS - TURNED OUT RESERVES. В Available: https://www.cia.gov/library/publications/the-world-factbook/rankorder/2179rank.html. Previous accessed 13 Dec 2012

Anonymous

Unknown. (2012). В literacy situation. В Available: http://www.literacyportal.net/png/literacy-situation/. Last accessed 13 Dec 2012

Anonymous

Private. (2009). В Talisman eyes LNG scheme. (International)(Talisman Energy Incorporation 's purchase of Rift Oil)(Brief article). В Available: http://www.highbeam.com/doc/1G1-207841877.html. Previous accessed 13 Dec 2012.

Australia Week Luncheon. (2012). В Raising the profile of PNG in Australia. В Available: http://ministers.dfat.gov.au/marles/speeches/2012/rm_sp_120309.html. Last utilized 13 December 2012.

Ilangovan, P. (2012). В Talisman Produces 2012 Divestiture Program. В Available: http://www.derrickpetroleum.com/2012/01/10/talisman-releases-2012-divestiture-program/. Last accessed 13 Dec 2012.

Ronquillo, 3rd there’s r. (2010). В Exxon Mobil LNG a " very serious danger to countrywide security” says Sandline main character. В Available: http://crimeandcorruptionpng.wordpress.com/. Last utilized 13 Dec 2012

NAMORONG, M

Penty, R. (2012). В Talisman Studies Loss in Third 1 / 4. Available: http://www.bloomberg.com/news/2012-10-30/talisman-reports-loss-in-third-quarter.html. Last reached 13 December 2012.