Country Report
Papua New Guinea upstream summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The ExxonMobil-operated PNG LNG is the most important hydrocarbon development project, producing around 8.6 mmtpa of LNG from gas supplied by fields in the Highlands. TotalEnergies-led Papua LNG is set to follow as the next LNG project. The latest development concept is for 6 mmtpa of LNG production: 4 mmtpa from three electric drive trains and 2 mmpta from capacity reserved at the existing PNG LNG plant. The proposed P'nyang development led by ExxonMobil is the largest potential backfill to the PNG LNG. It has around 4.5 tcf of undeveloped resource.
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- Majors, IOCs, non-PNG NOCs
- State-owned companies
- Others
-
Geology
- Introduction
- Papuan Basin
- North New Guinea and Sepik-Ramu Basin
- New Ireland Basin
- Bougainville Basin
- Woodlark Rise Basin
-
Exploration
-
Licensing
- 2020s
- 2010s
- 2000s
- 1980s and 1990s
-
Drilling
- Drilling activity
- Papuan Basin
- Other basins
- Success rates
- Future drilling plans
-
Licensing
-
Reserves and resources
- Reserves
-
Production
- Oil/Condensate
-
Gas
- PNG LNG
- Papua LNG
- Domestic gas market
-
Infrastructure
- Introduction
-
Oil infrastructure
- Pipelines
- Refinery
-
Gas infrastructure
- PNG LNG
- Papua LNG
- Hides GTE
-
Costs
-
Capital costs
- Capital expenditure by location
-
Capital costs
-
Policy and regulation
- Key legislation
- Regulatory body
- State oil company
- State participation
-
Licensing
- Licence Types
- Petroleum Prospecting Licence
- Petroleum Development Licence
- Petroleum Retention Licence
- Pipeline Licence
- Petroleum Processing Facility Licence
-
Fiscal terms
-
Overview
- Proposed fiscal terms
- Current fiscal terms
- Basis
- Government equity participation
-
Royalty
- Ring fencing
- Base
- Rate
- Payment schedule
-
Corporate income tax
- Ring fencing
- Base
- Rate
- Payment schedule
-
Additional profits tax
- Ring fencing
- Base
- Rate
- Payment schedule
- Fiscal treatment of decommissioning
- 6 more item(s)...
-
Overview
Tables and charts
This report includes the following images and tables:
-
Key facts: Table 1Country MapLiquids and Gas Production 2026
-
Reserves and contingent resources at 01/01/2026Papua New Guinea: Map of Main Geological Elements and Sedimentary BasinsRemaining and Produced Liquids and Gas ReservesReserves and resources: Table 1Sub-commercial volumesLiquids ProductionLiquids Production by OperatorProduction: Table 1Production: Table 2
- 17 more item(s)...
What's included
This report contains:
Other reports you may be interested in
Country Report
Papua New Guinea upstream summary slides
To complement our more detailed Papua New Guinea upstream summary we provide a slide-pack of the key issues in Papua New Guinea.
$3,240
Country Report
Equatorial Guinea upstream summary slides
A slide-pack of the key issues in Equatorial Guinea to complement our more detailed upstream report.
$3,240
Asset Report
Papua New Guinea other fields (sub-commercial)
This analysis includes undeveloped discoveries in Papua New Guinea with resources greater than 25 mmboe.
$6,900
