Papua New Guinea Oil and Gas Report Q1 2015

Business Monitor International
November 12, 2014
121 Pages - SKU: BMI5380262
Countries covered: Papua New Guinea

Papua New Guinea Oil and Gas Report Q1 2015

BMI View: The ExxonMobil PNG LNG facility is now operating at full capacity and will commence someterm contracts early. Two further LNG developments led by Osaka Gas and Total are expected to bedeveloped over the next ten years. We also forecast oil production to increase on the back of greatercondensate output which is due to be mixed with Papua New Guinea's Kutubu Blend.

The main trends and developments we highlight for Papua New Guinea's oil and gas sector are:

ExxonMobil and Total remain in a legal battle over the ownership of the Elk/Antelope field, whichExxon believes it had the option to buy before Total purchased the asset. The energy minister hassupported Total's bid to lead a new LNG project. We expect a resolution in November 2014.



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