My Photo
Blog powered by Typepad
Member since 02/2006

« Russians are coming & RAAF Darwin is on ‘complete readiness’ | Main | Companies pass judgement: things are worsening in PNG »

15 May 2018

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Statement by Hela Governor Undialu Philip

PNG LNG Benefits (Royalties and Development Levies) Legally Stolen through Flawed Agreements.....

Landowners and the Provincial Governments of the PNG LNG Project lost nearly K800 million in Development Levies and Royalties over the last four years.

The reason being that corporate giants bullied and forced our politicians to agree on a formula outside of the requirements of Oil and Gas Act and the Organic Law.

We even got negative royalty for four months in 2016 though they made K900m per month during that time. What we are paid is Net Profit is not Wellhead Value.

I will call on Exxon Mobil and Oil Search to admit this failure and give back what belongs to my people. Pay them based on the Organic Law and Oil and Gas Act, not the fake agreement.

This is a human rights issue I will not allow my people to be deprived of. I need those monies to rebuild infrastructure devastated by the earthquake disaster.

Thanks for the donations and assistance so far. From now own, what belongs to Hela must be given back so we will rebuild our communities.

It is pathetic for Chairman of Oil Search to attack the Government after robbing it's people through a flawed agreement the Somare Government facilitated between 2008 to 2010. It's by time we take everything back to round table and ascertain who is to be blamed.

Thank you and standby for a full Assessment Report my Hela PEC has sanctioned.

A version from one adverse of government.
A version from other adverse of company.
Aversion, "prior to granting of a petroleum development licence"?
Adverse means? Not only humiliating but harmful even hostile.
A verse of 'independent and free' yet suffers such adversity?

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)