Papua New Guinea 60 years oil manufacture experience oil machine

How Papua New Guinea Became an Oil Producer

  • Papua New Guinea 60 years oil manufacture experience oil machine
  • Papua New Guinea 60 years oil manufacture experience oil machine
  • Papua New Guinea 60 years oil manufacture experience oil machine
  • Papua New Guinea 60 years oil manufacture experience oil machine

The PNG LNG story

Changing the landscape of the petroleum industry in Papua New Guinea

PNG LNG PNG LNG

Investment opportunities in Papua New Guinea’s energy sector

  • 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.
  • What is ExxonMobil doing in Papua New Guinea?
  • ExxonMobil has had a presence in Papua New Guinea since the 1920s, and in addition to construction of the PNG LNG Project, the company has interests in fuels marketing and oil production. The PNG LNG Project is unlocking value from stranded gas resources in the Highlands of Papua New Guinea.
  • When did crude oil peak in Papua New Guinea?
  • The peak production at the Kutubu field was achieved when crude oil prices were relative stable at around US$ 20 per barrel, but as the oil fields of Papua New Guinea went into decline during the first decade of the new millennium, the world realised extraordinary crude oil prices.
  • 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.

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