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NEW GUINEA: Joint venture development plans for proposed $1,100,000,000 offshore oil field project, AMERADA HESS CO. (AHC) [USA], ENERGY AFRICA LTD. & GEPETROL [New Guinea] - Order #: 103204.

Publication: WWP-Business Opportunities in Asia & the Pacific
Publication Date: 01-OCT-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
PROJECT OVERVIEW:

An international joint venture is currently gearing-up to undertake the integrated development of the Okume, Oveng, Ebano and Elon offshore oil reservoirs in New Guinea. The partners in the planned undertaking and their respective shareholdings include US-based AMERADA HESS CO. (AHC) the operator (80%), ENERGY AFRICA LTD. (15%), a subsidiary of TULLOW OIL PLC of the UK and GPETROL (5%), the national oil company of New Guinea....

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