Papua New Guinea Oil and Gas Report - Business Monitor International - Industry Reports

Papua New Guinea Oil and Gas Report

Papua New Guinea Oil and Gas Report - Business Monitor International - Industry Reports
Papua New Guinea Oil and Gas Report
Published Oct 08, 2016
67 pages — Published Oct 08, 2016
Price US$ 1,295.00  |  Buy this Report Now

About This Report

  
Abstract:

We expect Papua New Guinea (PNG) s proved crude oil and natural gas reserves to see long-term declines over the next -- years, as low oil prices and a cutback in upstream spending among firms slow down exploration, and limit the scope for significant new reserves additions. That said, a number of active international oil company (IOC)-led exploration campaigns pose upside risks to our forecasts. ...That said, a number of active international oil company (IOC)-led exploration campaigns pose upside risks to our forecasts. In January ----, ExxonMobil was awarded a petroleum development license (PDL) and an associated pipeline license for the P nyang field, as works continue to prepare the field to provide feed gas to support a third train at the supermajor s PNG LNG project. A final investment decision (FID) is expected to be given in ----, and first gas by ----. ...The PRL -- formally agreed to drill the Antelope-- appraisal well, after successfully drilling the Antelope-- at end-----.

...ExxonMobil will take over InterOil for USD-.-bn after it successfully outbid OilSearch for the PNG- based firm in July ----. The deal will allow the supermajor to acquire shares in its second significant gas play in PNG, the Elk-Antelope gas field. ...The deal will allow the supermajor to acquire shares in its second significant gas play in PNG, the Elk-Antelope gas field. Puma Energy is undertaking upgrade works at its Napa Napa refinery, following months of closure, to improve the facility s feedstock flexibility and production efficiency. The firm is also seeking government approval for a potential capacity expansion, though underutilisation of existing capacity suggests that this is unlikely to go through. ...PNG will remain a net exporter of crude oil and liquids. The country s Kutubu Blend (now blended with condensates from PNG LNG) is sold to private trading firms such as BP and Trafigura for sales into the regional market, including Singapore and Australia.

...BMI View: PNG will see substantial growth in its LNG exports over the coming years, supporting the view for it to become the third largest LNG exporter in Asia after Australia and Malaysia. ExxonMobil has successfully acquired InterOil, thus taking over the latter s stakes in the Total-led Elk-Antelope gas and condensates field. ...

  
Source:
Document ID
2044-5628
Country
Industry
Format:
PDF Adobe Acrobat
Buy Now

Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

About the Author


Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Papua New Guinea Oil and Gas Report" Oct 08, 2016. Alacra Store. Dec 11, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Papua-New-Guinea-Oil-and-Gas-Report-2026-2353>
  
APA:
Business Monitor International - Industry Reports. (2016). Papua New Guinea Oil and Gas Report Oct 08, 2016. New York, NY: Alacra Store. Retrieved Dec 11, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Papua-New-Guinea-Oil-and-Gas-Report-2026-2353>
  
US$ 1,295.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Market Research from one place.