ExxonMobil Appoints Tera Shandro as Chairperson and Managing Director for Papua New Guinea

by PNG Business News - May 12, 2023


ExxonMobil has appointed Tera Shandro, currently Senior Opportunity Evaluation Advisor to the ExxonMobil CEO & Management Committee, as its new Chairperson and Managing Director at ExxonMobil PNG Limited.

Shandro takes over from outgoing Chairman and Managing Director, Peter Larden, who will become the Senior Upstream & Low Carbon Solutions Advisor to the Exxon Mobil Corporation CEO & Management Committee in Dallas, Texas.

Since joining ExxonMobil’s Canadian affiliate Imperial Oil in 2003, Shandro has held both global Upstream and Downstream senior roles across engineering, research, operations, business planning

and finance. She brings to PNG significant capital project execution experience in both Canada and the United States.

“Tera is a people-first leader who will bring broad international expertise and perspective to PNG,” said Larden.

“She is uniquely qualified to drive ExxonMobil’s continued growth in Papua New Guinea.”

Appointed to PNG in March 2021, Larden's leadership has resulted in the achievement of multiple major milestones. The PNG LNG Project recorded two of its safest years on record, with the LNG

Plant marking nine consecutive years without a Lost Time Incident.

The Angore Project recommenced and is now on track to begin production in 2024.

In collaboration with the PNG Government, he secured the successful execution of the P’nyang LNG Project Gas Agreement, and progressed Papua LNG Project FEED entry based on an enhanced downstream concept.

“Two years passes quickly, especially when you reflect on all the amazing things that we have collectively achieved,” Larden said.

“Thank you to our stakeholders for your partnership, I am deeply

grateful for this opportunity to have led a world-class project that continues to redefine global benchmarks.

“To my ExxonMobil PNG wanwoks I am honored to have worked with a team that delivers beyond all expectations. Because of you, my family and I depart PNG with fond memories and lifelong friendships.”

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PNG Business News - October 24, 2022


Photo credit: Department of Prime Minister & National Executive Council Prime Minister Hon. James Marape has congratulated ExxonMobil on its 100 years in Papua New Guinea and says the company is welcome to stay on for another 100 years. He said this when addressing ExxonMobil’s 100th Anniversary Dinner in Port Moresby on Saturday night, which was also attended by Ministers, Governors, MPs, members of the business community and senior executives of ExxonMobil. PM Marape said he had attended ExxonMobil’s 100 anniversary and asked the company to be around for PNG’s 100th anniversary, and hopefully by then, ExxonMobil in partnership with Government had contributed to a better-developed PNG. “Tonight is worth celebrating,” PM Marape said. “One hundred years is a huge milestone, and not just any ordinary company but a global Triple A-rated company and global leader, to have 100 years of unbroken business and service to PNG. “I am duty-bound to thank you on behalf of all Papua New Guineans - past, present and future – for choosing PNG as an investment destination.” PM Marape said ExxonMobil had started from humble beginnings in Rabaul in 1922 and had grown with PNG over the last 100 years. “Your investment in the PNG LNG Project is testament to the fact that PNG, despite many of the headline negativities, remains a vibrant place for consistent presence of businesses,” he said. “ExxonMobil has shown that PNG is a place to do business, and can be a place to do business. “Today, I stand as leader of this nation of a thousand tribes, to thank you and point ExxonMobil to us living together for the next 100 years. “Why not? Yes, we can.” PM Marape said PNG was now moving into an exciting new phase of LNG developments with Papua, P’nyang and others, and goalposts set with investors would remain fixed. He was pleased that Total, the biggest energy company in the world and operator of Papua LNG, was also present for the occasion. “Together with Total, and Exxon Mobil, our participation in the petro-chemical business is set and secured going forward,” PM Marape said. He thanked buyers of PNG LNG in Japan, China and Taiwan for being regular customers since first exports in 2014. “We have other LNG projects that are being lined up and we look forward to more buyers coming onboard,” PM Marape said. PM Marape also thanked ExxonMobil for employing Papua New Guineans in key positions within the company, making available spin-off businesses for nationals and landowners, for paying taxes, and for continued foreign direct investments such as in Papua and Pn’yang. “We look forward to going into the future with you, as you continue to partner us, and to make Papua New Guinea a better place,” he said.   Article courtesy of Department of Prime Minister & National Executive Council

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PNG Business News - June 05, 2023

PNG PM Marape Participates in PIF Leaders Breakfast Caucas

Photo: PNG PM Marape Participates in PIF Leaders Breakfast Caucas Prior to the Korean-Pacific Islands Leaders (Kor-Pic) Meeting, Papua New Guinea Prime Minister Marape joined other PIC Leaders for a breakfast caucus Chaired by Cook Islands Prime Minister and current Pacific Islands Forum Chair Mark Brown, to discuss the agenda and a common position on shared development issues.  Prime Minister Marape said climate variation, being the perennial issue including sourcing appropriate development assistance from the Korean Government was high on the agenda. He said the encouragement during the caucus was for all PIC Leaders to discuss their developmental challenges and put forward their ideas on how Korean Development assistance could complement the 2050 Blue Pacific Strategy.   Following this caucus, Prime Minister Marape, met with Australian Deputy Prime Minister  Richard Marles. Their discussions were centered around progress of the proposed Bilateral Security Treaty (BST), the recently concluded Defense Cooperation Agreement with the US, Visa issues and the PNG NRL Bid. On the BST, Prime Minister Marape mentioned that it was work in progress and required the PNG side to consult our domestic processes and sovereign laws in relation to certain wordings and provisions.  He also conveyed his apologies to Prime Minister Anthony Albanese for the delay in formalising this proposed Treaty with Australia. For the DCA with the US, Prime Minister Marape informed that it was centered around improving the PNGDF's capabilities and interoperability including protecting our frontiers and sovereignty. He said it was non-discriminatory and PNG was open to entering into similar arrangements with its bilateral partners.  “In fact, the DCA would also complement domestic law enforcement,” Prime Minister Marape said. “The Ship Rider Agreement on the other hand was also vital in combating illegal fishing and transnational crimes.” For Visa issues, Deputy Prime Minister Marles informed that the current Australian Government was fully aware of the situation and following the Ministerial Forum in February this year in Canberra, had established a Joint Ministerial Team to work on bringing the Australian visa processing facility back on shore to PNG.  Prime Minister Marape in his response said that all processes from both sides had to be attended to in order for smooth facilitation and for citizens and businesses to continue without much hindrance now and heading into 2050 when PNG celebrates 50 years of nationhood. On Papua New Guinea’s NRL Bid, Prime Minister Marape explained that PNG was still very keen as rugby league was a major unifying factor, bringing our 800 tribes together as one people. In closing Prime Minister Marape assured Deputy Prime Minister Marles that PNG in no way would compromise its excellent existing bilateral relations with Australia and further stressed that PNG was capable of managing its sovereign affairs on its terms, systems and processes.


PNG Business News - June 05, 2023

ADB Helps Launch Vocational Education Project in PNG

The Asian Development Bank (ADB) and the governments of Australia and Papua New Guinea (PNG) today launched a cofinanced project to improve the country’s technical and vocational education and training (TVET) program. PNG's Deputy Prime Minister John Rosso delivered a keynote address at the launch event at Port Moresby Technical College. PNG’s Minister of Higher Education, Research, Science and Technology, and Sports Don Polye, ADB Country Director for Papua New Guinea David Hill, and Australian High Commission Minister Counsellor Paul Lehmann all spoke at the event. The Improved Technical and Vocational Education and Training for Employment Project financed by ADB and the governments of Australia and PNG will strengthen the country’s TVET program and help prepare students to be more competitive and responsive to employment and industry demands. “We hope this project will become a model for all vocational education and skills training in TVET colleges in the country,” said Mr. Rosso. “The beneficiaries of this project—young, skilled workers, including women and men—represent PNG’s future, and through this project, the future of vocational education in PNG looks bright.” This project aims to boost the numbers of skilled workers in the construction and agriculture sectors where demand is high. “We will work with our partners to help advance reforms in the vocational education and skills training space in PNG,” said Mr.Hill. “These sought-after skills in priority sectors will help grow PNG’s economy.” The TVET sector of PNG’s education system comprises public, religious, or private institutions, including technical and business colleges offering postsecondary courses and vocational training.  “The Australian government is pleased to be supporting the Government of Papua New Guinea to achieve its reform goals in technical and vocational education and training to increase the number and quality of skilled workers,” said Australian High Commission Minister Counsellor Paul Lehmann.  “My vision for the TVET for Employment Project is that it will perform as an innovation and technology business incubator across PNG,” said Mr. Polye. “The project is the embodiment of a new approach—building a culture of quality education and innovation in a renewed and revitalized TVET sector.” The Improved Technical and Vocational Education and Training for Employment Project is funded through a $50 million concessional loan from ADB and a $10.6 million grant from Australia. The Government of PNG is also contributing $5.7 million. ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region. 


PNG Business News - June 05, 2023

PNG Forges an Innovation-fueled Partnership with South Korea in Digital Transformation

Papua New Guinea was amongst seven other Pacific Island countries to sign a partnership statement of intent with the Republic of Korea to further cooperation and partnership in digital transformation. Information and Communications Technology Minister Timothy Masiu, who also was appointed co- chair of the just concluded Korea -Pacific Islands Digital Ministerial Conference in Seoul, South Korea, signed the statement together with the meeting chairman Korean Minister for Science and ICT Dr Lee Jong-Ho. The others who signed the partnership intent are Tonga, Nauru, Samoa, Palau, Cook Islands and Kiribati. Australia and the World Bank also attended the meeting as supporting partners. The Statement of Intent states; The partnership recognize digitalization has transformed not only  daily lives but also shapes innovation in all sectors including politics, economy, society, culture and environment. Recognize and note that digital technology offers great potential to address various social economic challenges that come with rapid transformation of society. Agree on continued partnership in digital transformation  inclusive of sustainable development will be the key to future prosperity of the people of Korea and the pacific. Agree on sharing digital vision of policies will pave way for strong partnership to digital co-prosperity.  Mr Masiu expressed deep satisfaction that Korea , the global leading innovation country, has agreed to partner with Pacific countries including Papua New Guinea in digital transformation that will greatly enhance communication in a vast area like the Pacific and more so, strengthen supporting technology to better access to health, education and business. He told the conference that Papua New Guinea has begun the digital transformation with Parliament passing the Digital Government Act 2022 and relevant policies, and welcomed the partnership with the Republic of Korea, which he says, will go a long way in progressing the digital transformation agenda for PNG and the region. Mr Masiu had bilateral meeting with his South Korean counterpart, further seeking a stronger country to country relations in digital transformation and support to the National Broadcasting Corporation proposing a partnership between the NBC and the Korean Broadcasting Services. The Minister has formally invited the Korean Minister for Science and ICT to visit Papua New Guinea for the Pacific ICT meeting in August 2023 or to accompany the South Korean President who has been invited by Prime Minister James Marape to visit PNG. Mr Marape was in Seoul also this week for the Korea- Pacific Islands Forum Leaders meeting. Minister Dr Lee Jong-Ho acknowledges the leadership of Papua New Guinea in digital transformation and reaffirmed its support to PNG and the other Pacific Island countries.

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