oil extraction machines pinterest in Papua New Guinea

How Papua New Guinea Became an Oil Producer

  • oil extraction machines pinterest in Papua New Guinea
  • oil extraction machines pinterest in Papua New Guinea
  • oil extraction machines pinterest in Papua New Guinea
  • oil extraction machines pinterest in Papua New Guinea

"Evolving Papua (Elk / Antelope) LNG Project

Oil Extraction, Socio-Economic Impacts and Indigenous Peoples

Papua New Guinea EITI

Papua New Guinea: Riding or Sinking from the Resource

  • What did InterOil do in Papua New Guinea?
  • InterOil’s primary focus in Papua New Guinea was to establish an oil refinery which it was successfully awarded the first Petroleum Processing Facility License (PPFL1) to develop and operate the Napa Napa Oil Refinery. While pursuing oil refinery project InterOil decided to enter upstream exploration sector.
  • Does Papua New Guinea export oil?
  • Papua New Guinea has been exporting crude oil since the early 1990’s. Although production is modest and has relatively reduced overtime, it is one of the country’s major exports. In 2014, PNG launched the commercial operation of liquefied natural gas, boasting as the country’s top revenue-generating export product.
  • Will a liquefied natural gas project drive Papua New Guinea's economic transformation?
  • While crude oil has been part of PNG’s export for many years, the commercial production of the first liquefied natural gas project is expected to drive the country's economic transformation. Papua New Guinea has been exporting crude oil since the early 1990’s.
  • How important is the extractive sector in Papua New Guinea?
  • The extractive sector is significant in Papua New Guinea's economy, accounting for 24% of the country’s GDP and 83% of total exports in 2021. The PNG Liquefied Natural Gas (LNG) project, which began production in 2014, has been the primary driver of economic growth and an important source of employment for Papua New Guinean citizens.

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