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  • Can Papua New Guinea still produce oil and gas?
  • Papua New Guinea can still be successful in producing oil and gas well into the future, but it has to learn that it takes more than oil and gas reserves to create a viable and sustainable production industry. A review of its past successes should indicate what it needs to do.
  • Why did Chevron leave Papua New Guinea?
  • With Kutubu oil production declining, Chevron departed the venture, selling its Papua New Guinea interests to Oil Search and over the course of several years, the schemes waxed and waned.
  • Does Papua New Guinea have a petroleum endowment?
  • When we examine the ingredients required for the development of petroleum accumulations, Papua New Guinea has all that is required, though we do not necessarily know the links between all of them. But the evidence of petroleum endowment is manifest, widespread, and substantial. Oil abounds in Papua New Guinea.
  • How did Exxon & BP develop LNG in Papua New Guinea?
  • With the foundations for the gas development defined by the revised gas regulatory and fiscal regime, Exxon and BP pursued their LNG development plans based on the large Hides gas field with notions of taking the gas to the Papua New Guinea north-coast and a deep water plant site at Madang.
  • Does Papua New Guinea produce LNG?
  • The PNG LNG Project at Caution Bay about 20 kilometres north-west of Port Moresby And so, in May 2014, Papua New Guinea became an LNG exporter, and is now producing about 8+ mta LNG per annum to customers in China, Japan and Taiwan - well above the original nameplate capacity of the LNG Plant.
  • How much oil does Papua New Guinea produce a day?
  • Gobe reached a peak production in 1998 at 34,000 barrels of oil per day, whilst Moran reached 23,000 barrels per day in 2006. These fields helped to keep overall Papua New Guinea production above 55,000 barrels per day up to 2000, but it declined steadily to 40,000 barrels per day by 2010.

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