If all goes to Botten's plan, then there is now no obvious place for Woodside in PNG's export gas business. That matters because PNG is deeply prospective, highly competitive and a good deal closer to Asian markets.
Some might want to be critical of Woodside's Peter Coleman for a failure to effectively seize the moment on either InterOil or Oil Search. But they might, as well, look to Woodside's chairman, Michael Chaney, who apparently found it difficult to see PNG's mountains of gas wealth for the trees of sovereign risk.
Whatever the reasons, Coleman finds himself locked out of what should have been Woodside's new front yard of production and prospectivity.
Read more: http://www.copyright link/business/...ith-oil-royalty-20160520-gp01w7#ixzz49KxBajSt
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Locked out of PNG
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