Petroleum scene heating in fledgling crude exporter Papua New Guinea

Journal Article · Mon Apr 18 00:00:00 EDT 1994 · Oil and Gas Journal; (United States)

OSTI ID:5110572

Operators, paced by a feisty independent based in Port Moresby, have drilled a string of discoveries near the infrastructure of the Kutubu development project that supports Papua New Guinea crude exports. All signs point to the increasing likelihood of good sized -- maybe world class -- oil discoveries that promise to sustain exploration and development interest beyond 2000. Also in the offing are world class gas strikes that eventually could support a liquefied natural gas export project. And integration is the newest concept in Papua New Guinea petroleum. Efforts are under way to build the country's first refineries. Most operators in Papua New Guinea believe thy have merely scratched the surface of the country's oil and gas potential. Thy agree there still will be frustrations and setbacks -- political as well as technical -- but the prevailing opinion is that these problems are no greater than they are in a number of other countries with similar exploration/development potential. The paper discusses the development of Papua New Guinea's oil and gas industry, and exploratory drilling in areas other than Kutubu.

• OSTI ID: 5110572
• Journal Information: Oil and Gas Journal; (United States), Vol. 92:16; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
03 NATURAL GAS
NATURAL GAS INDUSTRY
ECONOMIC DEVELOPMENT
PAPUA NEW GUINEA
PETROLEUM INDUSTRY
EXPLORATION
EXPLORATORY WELLS
ISOTOPE DATING
NATURAL GAS DEPOSITS
PETROLEUM DEPOSITS
PLANNING
RESOURCE DEVELOPMENT
STRONTIUM ISOTOPES
WELL DRILLING
AGE ESTIMATION
ALKALINE EARTH ISOTOPES
ASIA
AUSTRALASIA
DRILLING
GEOLOGIC DEPOSITS
INDUSTRY
ISLANDS
ISOTOPES
MINERAL RESOURCES
NEW GUINEA
RESOURCES
WELLS
020700* - Petroleum- Economics
Industrial
& Business Aspects
030600 - Natural Gas- Economic
Industrial
& Business Aspects