Despite demanding terrain and remoteness, the gas-prone Papua New Guinea (PNG) Papuan basin has a long exploration history. The 2008 multi-tcf Antelope gas discovery has demonstrated the prospectivity of the Tertiary Miocene play. PNG's domestic hydrocarbon demand is low, and the economic future of the basin is heavily linked to the success of the onstream PNG LNG and proposed Papua LNG projects, which allow gas production to reach more lucrative overseas markets. The challenging logistics and complex land ownership situation are two of the key issues confronting explorers.
This Exploration Basin 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.
This report is accompanied by multiple excel downloads which detail costs, volumes and value.
This report includes 2 file(s)
Papua New Guinea Papuan exploration basin PDF - 1.20 MB 43 Pages, 34 Tables, 20 Figures
Papua New Guinea Papuan Basin.zip ZIP - 4.85 MB
Oil and gas exploration is an industry in constant motion, from technological breakthroughs to shifting supply and demand. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.
This Exploration Basin report provides a detailed analysis of exploration of this basin, including discovery and development costs, location maps and information about licensing and fiscal terms. You'll also find information about discovery and development costs and full-cycle returns.
Explorers and advisors can use this report to understand the history and potential value of this basin.
Wood Mackenzie has access to historic data for over 450 basins and forecasts for more than 125 basins. We provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies.
Our in-depth analysis gives you the information you need to navigate the ever-changing challenges of oil and gas exploration so you can make critical commercial decisions.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Asset report | Dec 2015
Papua New Guinea Papuan exploration basin
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