Papua New Guinea Oil and Gas Report Q3 2014

Business Monitor International
May 21, 2014
115 Pages - SKU: BMI5248362
Countries covered: Papua New Guinea

Papua New Guinea Oil and Gas Report Q3 2014

BMI View: The first LNG deliveries from Papua New Guinea's ExxonMobil-led PNG LNG facility, thecountry's first gas export project, are expected ahead of schedule in July 2014. There continues to be newproposals for LNG exports, including Total's monetisation plans for the Elk/Antelope fields and a possiblefloating LNG development by Osaka Gas. Gas projects will also offer some relief to a decline in liquidsoutput, condensate from the PNG LNG project will give oil production a temporary boost.

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

Horizon Oil has been given approval for the Stanley Gas Project achieving the conditions required forOsaka Gas to take a 40% stake in the project. Initially the Stanley Gas project will produce around 4,000barrels per day (b/d) of condensate by around 2016, reinjecting produced dry gas. Eventually, this dry gasis expected to be combined with output from other production licences and sent to a floating LNG facilityat Daru Island. We have increased our liquids production forecast to accommodate new condensateproduction, but are yet to alter gas forecasts.



More Petroleum reports by Business Monitor International

Thailand Oil and Gas Report - Q4 2014 by Business Monitor International
Thailand Oil and Gas Report - Q4 2014BMI View: Thailand remains driven by a strong oil and gas demand which far outweighs domesticproduction. With ...
Taiwan Oil and Gas Report - Q4 2014 by Business Monitor International
Taiwan Oil and Gas Report - Q4 2014BMI View: Taiwan is almost entirely dependent on imports to meet energy demand and is likely to ...
South Korea Oil and Gas Report - Q4 2014 by Business Monitor International
South Korea Oil and Gas Report - Q4 2014BMI View: South Korea's industrialised economy and poor upstream prospects will keep the country alarge importer ...
Romania Oil and Gas Report - Q4 2014 by Business Monitor International
Romania Oil and Gas Report - Q4 2014BMI View: ExxonMobil is drilling the Domino-2 appraisal well which has the potential to transform theRomanian upstream ...
See all reports like this >>

More Papua New Guinea Petroleum reports

Oil and Gas Report - Papua New Guinea Q4 2014 by Business Monitor International
Oil and Gas Report - Papua New Guinea Q4 2014BMI View: ExxonMobil has delivered its first cargo from the PNG LNG facility commencing Papua ...
Papua New Guinea Oil Markets, 2013 by GlobalData
Papua New Guinea Oil Markets, 2013SummaryThis profile is the essential source for top-level energy industry data and information. The report provides an overview of each ...
Papua New Guinea Upstream Fiscal and Regulatory Report by GlobalData
Papua New Guinea Upstream Fiscal and Regulatory Report Summary GlobalData’s latest release, “Papua New Guinea Upstream Fiscal and Regulatory Report”, presents ...
Papua New Guinea Oil and Gas Report Q1 2013 by Business Monitor International
BMI View: Plans to commercialise Papua New Guinea’s gas potential with a number of LNG projectscontinue to advance. With first gas from Exxon's PNG LNG ...
See all reports like this >>

 

SELECT A LICENSE

    Report with 3 quarterly updates  USD 1,295  
    Report with 3 quarterly updates
3 User License
  USD 1,945  
    Report with 3 quarterly updates
5 User License
  USD 2,500  
    Report with 3 quarterly updates
Departmental/Site License
  USD 2,995  
    Global Site License Fulfilled by Publisher  USD 6,995  
 
US: 800.298.5699
Int'l: +1.240.747.3093
 

Share this report


    Other tasks

     
     
    Join Alert Me now!
    Receive bi-weekly email alerts on new market research

    Sign up today!