PNG Needs Better System For Landowner Benefits
BY MICHAEL ARNOLD
As one of the largest Liquefied Natural Gas (LNG) operators and in the country, Oil Search Limited has raised grave concerns of the need for a better system to manage landowner benefits.
Oil Search managing director, Peter Botten, said at a press conference yesterday that landowner benefits, including royalties and development levies for those within the PNG LNG project area had been accruing since 2014 and to date amounted to over a billion dollars.
Mr Botten said that some of the equity revenues were already flowing in to the Mineral Resources Development Company (MRDC) Limited and Kumul Petroleum Holdings Limited (KPHL).
However, he stressed that there needed to be a better system of benefit management and disbursement to ensure that landowners were getting their fair share.