PNG Oil & Gas Industry Overview

PNG Oil & Gas Industry History: Petroleum was first discovered in 1911 in lower Vailala River area, Ihu, Gulf Province. 1986, a commercial discovery made, first oil flow commenced in 1992. Current production: -Hides PDL1 (1991) -Kutubu PDL2 (1992) -SE Gobe & Gobe Main PDL3 & 4 (1998) -Moran EWT PDL5 (1998) -Gobe Main PDL4 (2002) - Southeast Gobe PDL3 (2003) - NW Moran PDL6 (2005) - Hides PDL7 (2014) 6

View entire presentation