Name: Kutubu Area
Brand: Wood Mackenzie
SKU: 32124
Price: 3720 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Asset Report 13 January 2026

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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.

Summary
Key Issues
- Government participation
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