Asset report

Papua New Guinea Papuan exploration basin

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Report summary

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.

What's included

This report contains

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    Papua New Guinea Papuan exploration basin

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  • Document

    Papua New Guinea Papuan

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    Papua New Guinea Papuan exploration basin

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Table of contents

  • Key facts
  • Summary and key issues
  • Location maps
  • Participation
  • Key companies
  • Geology
  • Exploration
  • Reserves and resources
  • Development
  • Costs
  • Fiscal and regulatory
  • Economic assumptions
  • Economic analysis

Tables and charts

This report includes 54 images and tables including:


  • Value creation versus investment (TYP period)
  • Value creation versus investment (outlook)
  • Exploration history map
  • Exploration wells by play
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Gross exploration wells completed by operator
  • Net exploration wells completed by participant
  • Drilling activity by well type
  • Cumulative exploration wells by play
  • Discoveries and success rates
  • Discoveries by licence year and drilling year
  • Volumes discovered by year
  • Average discovery size and volume per well by year
  • Cumulative discoveries by play
  • Cumulative volumes discovered by play
  • Summary and key issues: Image 3
  • Onshore Lowlands
  • Onshore Highlands
  • Tertiary Shelf


  • Play level data
  • Assumptions
  • Key licence holders
  • Key well operators (TYP period)
  • Company success rates and discoveries
  • Key play characteristics
  • Recent Discovery Costs
  • Summary of discovery and development costs
  • Top discoveries (TYP period)
  • Forecast data by Play (outlook)
  • Reserves and resources: Table 7
  • Onshore Lowlands
  • Development: Table 1
  • Onshore Highlands
  • Development: Table 3
  • Development: Table 4
  • Typical fiscal terms
  • Onshore Lowlands
  • Onshore Highlands
  • Tertiary Shelf
  • Tertiary Deepwater
  • Reserves and resources: Table 3
  • Reserves and resources: Table 4
  • Reserves and resources: Table 5
  • Reserves and resources: Table 6
  • Reserves and resources: Table 9
  • Tertiary Shelf
  • Reserves and resources: Table 11
  • Reserves and resources: Table 12
  • Onshore Lowlands
  • Onshore Highlands
  • Tertiary Shelf
  • Tertiary Deepwater
  • Average value of future discoveries and implied acreage value

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