From Business Spectator today:"French oil company Total has...

From Business Spectator today:

"French oil company Total has signalled that costs will be no barrier to its ambitious expansion plans, as it seeks more Australian acquisitions to add to its $33 billion Ichthys joint venture, according to The Australian Financial Review.

'There is no limitation for Total to invest more in Australia,” Total senior vice-president for exploration and production in Asia', Jean-Marie Guillermou, told the newspaper.

Last week, Total and joint venture partner Inpex confirmed that the massive Ichthys gas field project in the Northern Territory would go ahead.

'Australia is a core asset and is part of our future. If tomorrow we have the opportunity to find another Ichthys, we have the money to invest and develop it alone,” Mr Guillermou said.


He said further acquisitions could include individual gas assets, or takeovers 'if there is a good opportunity'."

Total/Santos/Petrochina in Gladstone.

Total/CNPC=Petrochina+MEL: FLEX LNG Ballina?

Whole new ball game and matters to ponder and speculate on.

hs

Mmmmm