Asset Report
Papua New Guinea Papuan exploration basin
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Despite demanding terrain and remoteness, the gas-prone Papua New Guinea (PNG) Papuan Basin has a long exploration history. Over 6.1 billion of barrels equivalent have been discovered from the basin, over 80% of which were gas. PNG's domestic hydrocarbon demand is low, therefore the economics of exploration in the basin is heavily linked to the success of the onstream PNG LNG, its extension and proposed Papua LNG project. This report provides a detailed analysis of exploration in this basin, including discovery and development costs, location maps and information about licensing and fiscal terms. We evaluate the yet-to-find volume and value potential.
Table of contents
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Summary of commercial outlook
- Advantages:
- Challenges:
- Wells drilled
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Prospective resources by play
- Onshore Highlands
- Onshore Lowlands
- Tertiary Deepwater
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Prospective resource costs and underlying development assumptions
- Prospect economics
- Onshore Highlands
- Onshore Lowlands
- Tertiary Deepwater
- Full cycle basin economics
- Licensing
- Fiscal terms
- Oil and gas prices
Tables and charts
This report includes the following images and tables:
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Exploration history mapTop 10 discoveriesCurrent acreage holders
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Onshore HighlandsOnshore LowlandsTertiary DeepwaterSummary of discovery and development costsUnit value of potential discoveriesBreakeven price of explorationExpected monetary value (EMV) at Base priceUnit value of potential discoveriesBreakeven price of exploration
- 16 more item(s)...
What's included
This report contains:
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