Martin Sokolowski

InterOil: Introducing the Biggest Natural Gas Well in the World

And why does InterOil think they can build their FIRST LNG plant for half the cost of that of very experienced XOM? LNG plants are very complicated and costly and need very experienced teams of engineers to successfully design and execute these projects.

Don't forget the cost of the pipelines to bring the gas to the LNG site, the gas treatment facilites to condition the gas for the LNG and the infrastructure to support the plant. (Not to mention negotiating LNG contracts and costs for dedicated LNG tankers). Several small/ mid-sized oil and gas companies had big problems with their LNG projects and budgets usually doubled or more from inital estimates. Which raises the point, how good is the InterOil cost estimate?