|Petroleum and Energy Minister William Duma speaking at yesterday’s Shell office opening at Petromin Haus in Port Moresby.-Picture by ROY SANGI of Petromin|
Friday, February 10, 2012
Duma welcomes Shell to PNG
By MALUM NALU
Petroleum and Energy Minister William Duma says the return of Shell to Papua New Guinea augurs well for the country’s hydrocarbon industry.
“I’m very proud of what is happening today,” he said at yesterday’s (Thursday) opening of Shell’s new office at Petromin Haus in Port Moresby.
“I’m sure it’s good for positive development of our hydrocarbon industry.
“The government of Peter O’Neill sees the opportunity to offer incentives to companies who want to invest in this country.”
Duma said Shell had not wasted time since entering into a strategic alliance agreement on Aug 18, 2011 with Petromin to establish a long-term partnership.
“Not even a year has passed and Shell is back again,” he said.
“Shell, from what I know, has a very good track record.
“I strongly believe that with Shell, we can go miles.
“There are many areas out there waiting to be explored.
“For Shell to come and open an office in the country tells a lot.
“As the saying goes, ‘fortune favors the brave’.
I see a good future ahead for both Shell and Petromin.”