Monday 12 September 2011

ExxonMobil spends K3 billion on the PNG LNG project in Papua New Guinea

A total of K3bn (US$1.3 bn) has been spent on the PNG LNG project to date, with K400m (US$177 million) from that going to PNG landowner companies.
 
A total of K3bn (US$1.3 bn) has been spent on the PNG LNG project to date, with K400m (US$177 million) from that going to PNG landowner companies.

That's from the lead developer Exxon Mobil, in its 2011 second quarter Environment and Social Report highlighting employment, compensation, construction, community investment and engagement and environmental protection.

Workers have now exceeded 9000, with Papua New Guineans numbering 6,600 or 75 percent of the total workforce.

The company says the workforce grew by 30 percent in the last three months alone, again, most of that done by landowner companies.

Most of the personnel are engaged in catering, linen services, equipment hire, camp management, security and highway trucking.

The figure is forecast to grow to 14 thousand during the construction phase, but reduced to around 5000 once production goes full-steam in 2014.

 

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