Hides Gas Development Company Limited (HGDC) was established in April 2008 under the Companies’ Act 1997 to become the umbrella landowner company for the upstream section of the PNG LNG Project. The company is recognised by PNG LNG Project operator ExxonMobil PNG Limited as legitimate umbrella landowner company representing 15 regional landowner companies from Hides Petroleum Development Licence (PDL) 1 & 7, Angore PDL 8, Juha PDL 9, Komo Airfield Development, Kobalu Camp and Benaria Pipeline. HGDC has a fully represented Board comprising 18 Directors appointed by the shareholders of their regional landowner companies.
HGDC supplies the local labour force to ExxonMobil PNG Limited and other Engineering, Procurement and Construction (EPC) Contractors of the PNG LNG Project.
We have also entered into Joint Ventures with highly reputable companies to ensure high quality service delivery within the Project area.
As the Umbrella Landowner Company, HGDC will always work cooperatively with our EPC partners and ExxonMobil PNG Limited to achieve mutually beneficial outcomes for all stakeholders in the PNG LNG Project.
HGDC will also continue to seek new commercial opportunities to expand the business platform beyond the five reserved areas of business activities and we will build a sustainable long term business that will deliver and increase value to our shareholders’ investment in the company.
Our Board is headed by a Chairman who is elected by the Directors through a transparent nomination and election process witnessed by ExxonMobil PNG Limited and Oil Search Ltd. The Directors represent their regional landowner companies who have their own Boards appointed by their shareholders.
The HGDC Board appoints the General Manager who has a management team that reports directly to him/her. Hides Gas Development Company Ltd has offices based in Para, Hides Gasfield and Port Moresby.
The current HGDC Board of Directors
|Tuguyawini Libe Parindali||Chairman|
|James Wandiago Gau||Director|
“A commercially diverse company group founded on services to the oil and gas industry, providing economic and social benefits for churches, shareholders and the communities we operate in..”
“Sustainable growth through building skills, developing professional operations and delivering tangible value to customers, shareholders and communities…”
Based on these Vision and Mission, HGDG is committed to secure best business agreements for and on behalf of our shareholders in all the PNG LNG Project upstream licence areas.
We will achieve our Vision and Mission by building a strong landowner company that will be involved in;
- A STRONG partnership with the PNG LNG Project developer and partners
- PROMOTING unity among our diverse shareholders
- PAYMENT of regular dividends to our shareholders
- REGULARLY informing our stakeholders of company matters
- ENSURING our staff are competent to do their work
- PROVIDING our staff and shareholders with educational opportunities, and
- CONTROLING spending and maximising income for our company
Above all, HGDC is fully committed to negotiate the best deals on behalf of our shareholders and the landowners in Benaria Pipeline, Angore PDL-8, Juha PDL-9, Hides PDL-7, Hides PDL-1, Kobalu Camp and Komo Airport.
Participating interests are affiliates of ExxonMobil (including ExxonMobil PNG Ltd as operator, 33.2 percent), Oil Search Ltd (29.0 percent), National Petroleum Company Papua New Guinea (16.6 percent), Santos Ltd (13.5 percent), JX Nippon Oil and Gas Exploration (4.7 percent), Mineral Resources Development Company Ltd (PNG Landowners, 2.8 percent) and Petromin PNG Holdings Ltd (0.2 percent).