PNGBLOGS

PNGBLOGS EXCLUSIVE Oil Search Ltd is laying off 300 employees mostly believed to be Papua New Guineans by Tuesday 1st September 2015.  Reasons could be low oil prices but then what happened to my K3 Billion investment in Oil Search? This is believed to be the first redundancy exercise. Two more are expected to follow. Last Thursday, all the employees were given empty boxes to pack all their personal belongings at their office desks home. On Tuesday, about 300 of them will know their fate. Happy Oil digging! If that goes ahead (and definitely it will), imagine the consequences...jobless, families suffer, loans, school fees, accommodation. This information can be verified with Oil Search Public Affairs and has been leaked to PNGBLOGS by people who are aware of the situation and do not want to be named.

OP/ED The 11th Mining and Petroleum Conference in Sydney, Australia kicked off yesterday. And in a packed room, PNG’s Oil Search Limited, a major partner in the LNG project, shocked the experts and government officials including ministers from both countries that it has spent a whopping K11.931 billion in oil benefits between 1992 and 2009. And that is nothing on the ground to show for this money, the company says. That is the verdict from oil industry supremo Dr Peter Botten of Oil Search Limited who said there was “no significant appropriate improvements in living standards” had occurred to Papua New Guineans from billions of kina received by landowners, provincial governments and the national government as resource benefits over the last 17 years. Today we are told some 200 people have died from cholera in Western Province. Apart from Cholera, TB, Malaria, HIV/AIDS, Cancer and many other diseases are killing our people. The National Department of Health has admitted that our health

OP/ED The 11th Mining and Petroleum Conference in Sydney, Australia kicked off yesterday. And in a packed room, PNG’s Oil Search Limited, a major partner in the LNG project, shocked the experts and government officials including ministers from both countries that it has spent a whopping K11.931 billion in oil benefits between 1992 and 2009. And that is nothing on the ground to show for this money, the company says. That is the verdict from oil industry supremo Dr Peter Botten of Oil Search Limited who said there was “no significant appropriate improvements in living standards” had occurred to Papua New Guineans from billions of kina received by landowners, provincial governments and the national government as resource benefits over the last 17 years. Today we are told some 200 people have died from cholera in Western Province. Apart from Cholera, TB, Malaria, HIV/AIDS, Cancer and many other diseases are killing our people. The National Department of Health has admitted that our heal