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  5. > Papua New Guinea Oil and Gas Report Q1 2016

Papua New Guinea Oil and Gas Report Q1 2016

  • January 2016
  • -
  • Business Monitor International
  • -
  • 86 pages

BMI View: Expansions to ExxonMobil's PNG LNG project and the likely commencement of production at Total's Elk-Antelope gas field will lead a dramatic growth in PNG's natural gas production and LNG exports over the next 10 years. The main trends and developments we highlight for Papua New Guinea's oil and gas sector are:

-A significant ramp-up in its LNG exports, driven by the likes of PNG LNG and Papua LNG projects, is set to propel PNG to become the third largest LNG exporter in the Asia-Pacific from 2021, overtaking Indonesia.

-Despite underinvestment in oil developments, PNG's crude oil and liquids production will remain largely stable over 2015-2024, supported by associated condensates output from gas developments associated with large LNG export ventures.

-The Elk-Antelope joint venture (JV) has chosen Caution Bay near Port Moresby as the site to construct PNG's second standalone LNG export terminal, Papua LNG, once a FID is made. The JV is targeting FID in 2016-2017.

Table Of Contents

Papua New Guinea Oil and Gas Report Q1 2016
BMI Industry View 7
Table: Headline Forecasts (Papua New Guinea 2013-2019) 7
SWOT 8
Oil and Gas 8
Industry Forecast 10
Upstream Exploration 10
Latest Updates 10
Structural Trends 10
Table: Proven Oil and Gas Reserves (Papua New Guinea 2013-2018) 11
Table: Proven Oil and Gas Reserves (Papua New Guinea 2019-2024) 11
Upstream Projects 12
Table: Papua New Guinea - Key Upstream Projects 12
Upstream Production - Oil 14
Latest Updates 14
Structural Trends 14
Table: Oil Production (Papua New Guinea 2013-2018) 15
Table: Oil Production (Papua New Guinea 2019-2024) 16
Upstream Production - Gas 17
Latest Updates 17
Structural Trends 17
Table: Gas Production (Papua New Guinea 2013-2018) 18
Table: Gas Production (Papua New Guinea 2019-2024) 19
Refining 20
Latest Updates 20
Structural Trends 20
Table: Refining Capacity and Refined Products Production (Papua New Guinea 2013-2018) 22
Table: Refining Capacity and Refined Products Production (Papua New Guinea 2019-2024) 22
Refined Fuels Consumption 23
Latest Updates 23
Structural Trends 23
Table: Refined Products Consumption* (Papua New Guinea 2013-2018) 24
Table: Refined Products Consumption* (Papua New Guinea 2019-2024) 24
Gas Consumption 25
Latest Updates 25
Structural Trends 25
Table: Gas Consumption (Papua New Guinea 2013-2018) 26
Table: Gas Consumption (Papua New Guinea 2019-2024) 26
Trade - Oil 27
Crude Oil 27
Latest Updates 27
Structural Trends 27
Table: Crude Oil Net Exports (Papua New Guinea 2013-2018) 28
Table: Crude Oil Net Exports (Papua New Guinea 2019-2024) 29
Refined Fuels 29
Latest Updates 29
Structural Trends 29
Table: Refined Fuels Net Exports (Papua New Guinea 2013-2018) 30
Table: Refined Fuels Net Exports (Papua New Guinea 2019-2024) 31
Trade - Gas (Pipeline and LNG) 32
Latest Updates 32
Structural Trends 32
Table: Gas Net Exports (Papua New Guinea 2013-2018) 33
Table: Gas Net Exports (Papua New Guinea 2019-2024) 34
Industry Risk Reward Index 35
Industry Risk/Reward Index 35
Table: Asia: Upstream Risk/Reward Index 36
Table: Asia: Downstream Risk/Reward Index 38
Papua New Guinea - Risk/Reward Index 41
Upstream Index 41
Downstream Index 41
Market Overview 42
Papua New Guinea Energy Market Overview 42
Regulatory Structure 42
Licensing Regime 42
Table: OandG Licenses In PNG 43
Fiscal Regime 43
Table: Papua New Guinea Fiscal Regime 43
Oil And Gas Infrastructure 44
Table: Oil Refineries 44
Service Stations 44
Oil Storage 44
LNG Terminals 44
Table: LNG Terminals in Papua New Guinea 44
Gas Pipelines 45
Competitive Landscape 46
Table: Key Players - PNG Oil And Gas Sector 47
Table: Upstream Players 47
Table: Downstream Players 47
Company Profile 48
InterOil 48
Oil Search 54
Other Summaries 60
Regional Overview 68
Asia - Weak Oil Prices Will Hit Region's Long-Term OandG Production 68
Glossary 79
Table: Glossary Of Terms 79
Methodology 81
Industry Forecast Methodology 81
Source 83
Risk/Reward Index Methodology 83
Table: Bmi's Oil and Gas Upstream Risk/Reward Index 85
Table: Weighting 86

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