Saturday, March 11, 2006
Hebron two out of three will seal the deal
Two out of three will seal the deal
Moira Baird
The Packet
Premier Danny Williams has three conditions for reaching a deal to develop the Hebron oilfield — and he’ll settle for two of them.
Those conditions are: a provincial equity stake in the oilfield, a better royalty regime and a petrochemical processing plant in the province.
That’s on top of the usual benefits, such as local employment and engineering work, that flow from offshore oil developments.
"I’m basically saying to the oil companies two out of three of those particular components would help make the deal providing the terms are right," says Williams.
"We set those as conditions and we’re firm on them."
Moira Baird
The Packet
Premier Danny Williams has three conditions for reaching a deal to develop the Hebron oilfield — and he’ll settle for two of them.
Those conditions are: a provincial equity stake in the oilfield, a better royalty regime and a petrochemical processing plant in the province.
That’s on top of the usual benefits, such as local employment and engineering work, that flow from offshore oil developments.
"I’m basically saying to the oil companies two out of three of those particular components would help make the deal providing the terms are right," says Williams.
"We set those as conditions and we’re firm on them."
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