Papua New Guinea Oil and Gas Report

 Published On: Feb, 2015 |    No of Pages: 124 |  Published By: BMI Oil and Gas | Format: PDF   |   Free Sample Report

View: ExxonMobil has been granted a production licence at the P'nyang field enabling it to
potentially move forward with an expansion of the PNG LNG facility. The government continues to promote
new LNG projects. With Total due to complete appraisal of the Elk/Antelope prospect by Q315, a new LNG
project concept could materialise by the end of the year.
The main trends and developments we highlight for Papua New Guinea's oil and gas sector are:
In January 2015, ExxonMobil was granted a petroleum development licence for the P'nyang field,
supporting our view that it will be used for an expansion of the PNG LNG project.

Industry View 7
Table: Headline Forecasts (Papua New Guinea 2013-2019) 7
SWOT 9
Oil & Gas SWOT 9
Industry Forecast 11
Upstream Exploration 11
Table: Proven Oil and Gas Reserves (Papua New Guinea 2013-2018) 11
Table: Proven Oil and Gas Reserves (Papua New Guinea 2019-2024) 11
Upstream Projects 14
Table: Papua New Guinea Major Upstream Projects 14
Upstream Production - Oil 16
Table: Oil Production (Papua New Guinea 2013-2018) 16
Table: Oil Production (Papua New Guinea 2019-2024) 16
Upstream Production - Gas 19
Table: Gas Production (Papua New Guinea 2013-2018) 19
Table: Gas Production (Papua New Guinea 2019-2024) 19
Refining 23
Table: Refining Capacity and Refined Products Production (Papua New Guinea 2013-2018) 23
Table: Refining Capacity and Refined Products Production (Papua New Guinea 2019-2024) 24
Refined Fuels Consumption 26
Table: Refined Products Consumption* (Papua New Guinea 2013-2018) 26
Table: Refined Products Consumption* (Papua New Guinea 2019-2024) 26
Gas Consumption 27
Table: Gas Consumption (Papua New Guinea 2013-2018) 28
Table: Gas Consumption (Papua New Guinea 2019-2024) 28
Trade - Oil 30
Table: Crude Oil Net Exports (Papua New Guinea 2013-2018) 30
Table: Crude Oil Net Exports (Papua New Guinea 2019-2024) 30
Table: Refined Fuels Net Exports (Papua New Guinea 2013-2018) 31
Table: Refined Fuels Net Exports (Papua New Guinea 2019-2024) 32
Table: Total Net Oil Exports - Crude and Products (Papua New Guinea 2013-2018) 33
Table: Total Net Oil Exports - Crude and Products (Papua New Guinea 2019-2024) 33
Trade - Gas (Pipeline and LNG) 34
Table: Gas Net Exports (Papua New Guinea 2013-2018) 34
Table: Gas Net Exports (Papua New Guinea 2019-2024) 34
Industry Risk Reward Index 37
Asia Oil & Gas Risk/Reward Index 37
Table: Asia's Oil & Gas Risk/Reward Index 37
Table: Asia Upstream Sector Risk/Reward Index 39
Resource-Rich Countries Hit By State Involvement 41
Downstream Support 43
Papua New Guinea - Risk/Reward Index 46
PNG Upstream Index 46
PNG Downstream Index 46
Market Overview 47
Papua New Guinea Energy Market Overview 47
Regulatory Structure 47
Licensing Regime 48
Fiscal Regime 48
Table: Papua New Guinea Fiscal Regime 48
Energy Trade 49
Oil And Gas Infrastructure 49
Oil Refineries 49
Table: Downstream Projects 50
Service Stations 50
Oil Storage 50
LNG Terminals 50
Gas Pipelines 52
Competitive Landscape 53
Competitive Landscape Summary 53
Table: Key Players - PNG Oil And Gas Sector 54
Table: Upstream Players 54
Table: Downstream Players 54
Company Profile 55
Oil Search 55
InterOil 60
Other Summaries 65
Regional Overview 74
Asia Oil&Gas Regional Overview 74
Upstream Production: A Weaker Market Ahead 74
Asia: Hit By Industry Spending Caution 77
Downstream: Fierce Market Competition To Endure 79
Oil Consumption: Lower Prices Compensate For Subsidy Cuts 81
Gas Consumption: South Catches Up With North 82
Markets To Watch: India & Indonesia 84
Global Industry Overview 87
Global Industry Overview - 5 Themes For 2015: Oil & Gas 87
Table: LNG Export Terminals At Pre-FID Stage 92
Appendix 94
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-year Forecasts 94
Table: Energy Price Forecasts, 2013-2018 94
Table: Energy Price Forecasts, 2018-2023 95
Asia - Regional Appendix 96
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d) 96
Table: Oil Consumption - Long-Term Forecasts, 2015-2023 ('000b/d) 97
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d) 99
Table: Oil Production - Long-Term Forecasts, 2015-2023 ('000b/d) 100
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d) 101
Table: Refining Capacity - Long-Term Forecasts, 2015-2023 ('000b/d) 102
Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm) 103
Table: Gas Production - Long-Term Forecasts, 2015-2023 (bcm) 104
Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm) 105
Table: Gas Consumption - Long-Term Forecasts, 2015-2023 (bcm) 106
Table: LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm) 107
Table: Net LNG Exports - Long-Term Forecasts, 2015-2023 (bcm) 108
Papua New Guinea - Total Hydrocarbons, 10-year Forecasts 109
Table: Total Hydrocarbons Production, Consumption and Net Exports (Papua New Guinea 2013-2018) 109
Table: Total Hydrocarbons Production, Consumption and Net Exports (Papua New Guinea 2019-2024) 109
Papua New Guinea - Refined Products Breakdown, 10-year Forecasts 110
Table: Refined Petroleum Products, Production Breakdown (Papua New Guinea 2013-2018) 110
Table: Refined Petroleum Products, Production Breakdown (Papua New Guinea 2019-2024) 111
Table: Refined Petroleum Products, Consumption Breakdown (Papua New Guinea 2013-2018) 112
Table: Refined Petroleum Products, Consumption Breakdown (Papua New Guinea 2019-2024) 113
Table: Refined Petroleum Products, Net Exports Breakdown (Papua New Guinea 2013-2018) 114
Table: Refined Petroleum Products, Net Exports Breakdown (Papua New Guinea 2019-2024) 115
Glossary 117
Table: Glossary Of Terms 117
Methodology 119
Industry Forecast Methodology 119
Source 121
Risk/Reward Index Methodology 121
Table: Bmi's Oil & Gas Upstream Risk/Reward Index 123
Table: Weighting 124

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