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
-
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
Tables and charts
This report includes the following images and tables:
-
Index MapKutubu Area Detail MapParticipation
-
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:
Other reports you may be interested in
Asset Report
Bleo Holm Area
The Bleo Holm Area includes the Blake and Ross fields. They lie in the Moray Firth Basin, 120 kilometres northeast of Aberdeen. Ross ...
$3,720
Asset Report
Moran
The Moran field is located in the Southern Highlands of Papua New Guinea.
$3,720
Asset Report
Auk Area
The Auk Area is located in the Central North Sea and consists of the Auk and Auk North fields. Auk is one of the oldest producing ...
$3,720
