Asset Report
Kutubu Area
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Kutubu Area is a group of oil fields nearby Lake Kutubu in the Southern Highlands of Papua New Guinea. The project was the first petroleum development in the country. Oil production from the Iagifu-Hedinia, Agogo, and Usano fields started in early 1992 and peaked in 1993, averaging around 125,000 b/d. Production stayed above ~100,000 b/d until 1997, after which it declined sharply. The produced hydrocarbons are processed at the Kutubu Central Processing Facility (CPF) and the Agogo Processing Facility (APF). Oil is transported via a 261 kilometre pipeline to the offshore Kutubu Marine Terminal in the Gulf of Papua. Historically, all produced gas was reinjected. Since 2014, a portion of the produced gas has been supplied as feedgas to the PNG LNG project. The balance is reinjected to maintain pressure and enhance oil recovery.
Table of contents
- Summary
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Key Issues
- Government participation
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Key development metrics
- Development drilling
- Facilities
- Gas reinjection
- PNG LNG
- Pipeline
- Terminal
- Operating Costs
- Tariffs
- State Nominee
- Royalty and Royalty Tax
- PNG LNG State Gas Agreement
- Global Economic Model (GEM) file
- Cash Flow
Tables and charts
This report includes the following images and tables:
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Index MapKutubu Area Detail MapParticipation
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Operating Costs 2026 to 2035 (US$ million)Tariffs 2026 to 2035 (US$ million)Cash Flow (US$)PV Table (US$)Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - Discounted at 10% from 01/01/2026Remaining Present Value Price SensitivitiesIagifu-Hedinia Wells
- 8 more item(s)...
What's included
This report contains:
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