Overview:

Summary
 
 This profile is the essential source for top-level industry data and information relating to the Exploration and Production industry in Papua New Guinea. It provides asset level information relating to the active and planned oil and gas fields and exploration blocks in Papua New Guinea. The profiles of the major companies operating in the upstream industry of Papua New Guinea are also included in the report. The latest news and deals pertaining to the sector are also provided and analyzed.
 
 Scope
 
 -Updated information relating to all active and planned exploration blocks.
 -Provides historical and forecast data and information for all the major operating and planned crude oil and natural gas fields.
 -Details operators and equity partners of oil and gas fields and exploration blocks.
 -Includes information relating to license round details, start and end dates, acreage, location, and reserves.
 -Information on the top companies in the sector including business description, strategic analysis, and financial information.
 -Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
 -Key mergers and acquisitions, partnerships, private equity investments and IPOs.
 
 Reasons to buy
 
 -Obtain the most up to date information available on exploration licenses and oil and gas fields.
 -Identify growth markets and opportunities in the industry.
 -Facilitate market analysis and forecasting of future industry trends.
 -Facilitate decision making on the basis of strong historic and forecast data data.
 -Assess your competitor’s exploration and production asset portfolio.
 -Understand and respond to your competitors business structure, strategy and prospects.
 -Develop strategies based on the latest operational, financial, and regulatory events.
 -Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
 -Identify and analyze the strengths and weaknesses of the leading companies.

 1 Table Of Contents 2
 1.1 List of Tables 7
 1.2 List of Figures 9
 2 Papua New Guinea, Country Snapshot 10
 2.1 Papua New Guinea, Key Data 10
 2.2 Papua New Guinea, Exploration and Production Assets Map 11
 2.3 Papua New Guinea Exploration and Production Sector, Production 12
 2.3.1 Papua New Guinea Exploration and Production Sector, Crude Oil-Historical Production 12
 2.3.2 Papua New Guinea Exploration and Production Sector, Natural Gas-Historical Production 13
 2.3.3 Papua New Guinea Exploration and Production Sector, Crude Oil Production by Assets 14
 2.3.4 Papua New Guinea Exploration and Production Sector, Natural Gas Production by Assets 14
 2.3.5 Papua New Guinea Exploration and Production Sector, Crude Oil Production by Company 14
 2.3.6 Papua New Guinea Exploration and Production Sector, Natural Gas Production by Company 15
 2.4 Papua New Guinea Exploration and Production Sector, Forecasts 15
 2.4.1 Papua New Guinea Exploration and Production Sector, Crude Oil Forecasted Production 15
 2.4.2 Papua New Guinea Exploration and Production Sector, Natural Gas Forecasted Production 15
 2.4.3 Papua New Guinea Exploration and Production Sector, Crude Oil Gross Revenue Forecast 16
 2.4.4 Papua New Guinea Exploration and Production Sector, Natural Gas Gross Revenue Forecast 16
 2.4.5 Papua New Guinea Exploration and Production Sector, Government Take Forecast of Crude Oil Assets 16
 2.4.6 Papua New Guinea Exploration and Production Sector, Government Take Forecast of Natural Gas Assets 17
 2.4.7 Papua New Guinea Exploration and Production Sector, Contractor Take Forecast of Crude Oil Assets 17
 2.4.8 Papua New Guinea Exploration and Production Sector, Contractor Take Forecast of Natural Gas Assets 17
 2.5 Papua New Guinea Exploration And Production Sector, Asset Details 18
 2.5.1 Papua New Guinea Exploration And Production Sector, Active Crude Oil Asset Details 18
 2.5.2 Papua New Guinea Exploration And Production Sector, Planned Crude Oil Asset Details 18
 2.5.3 Papua New Guinea Exploration And Production Sector, Active Natural Gas Asset Details 18
 2.5.4 Papua New Guinea Exploration And Production Sector, Planned Natural Gas Asset Details 19
 2.6 Papua New Guinea Exploration And Production Sector, Exploration 20
 2.6.1 Papua New Guinea Exploration And Production Sector, Total Active Exploration Blocks 20
 2.6.2 Papua New Guinea Exploration And Production Sector, Active Exploration Blocks by Company 20
 2.6.3 Papua New Guinea Exploration And Production Sector, Exploration Details 21
 3 Profile of Oil Search Limited 25
 3.1 Oil Search Limited, Key Information 25
 3.2 Oil Search Limited, Company Overview 25
 3.3 Oil Search Limited, Business Description 25
 3.3.1 Oil Search Limited, Business Description, Business Overview 25
 3.3.2 Oil Search Limited, Business Description, Exploration and Production 25
 3.3.3 Oil Search Limited, Business Description, Major Products and Services 27
 3.4 Oil Search Limited, Value Chain Analysis 28
 3.4.1 Oil Search Limited, Value Chain Analysis, Upstream 28
 3.4.2 Oil Search Limited, Value Chain Analysis, Midstream 29
 3.5 Oil Search Limited, SWOT Analysis 29
 3.5.1 Oil Search Limited, SWOT Analysis, Overview 29
 3.5.2 Oil Search Limited, SWOT Analysis, Strengths 30
 3.5.3 Oil Search Limited, SWOT Analysis, Weaknesses 30
 3.5.4 Oil Search Limited, SWOT Analysis, Opportunities 32
 3.5.5 Oil Search Limited, SWOT Analysis, Threats 33
 3.6 Oil Search Limited, Revenue Analysis 33
 3.6.1 Oil Search Limited, Revenue by Segment 33
 3.6.2 Oil Search Limited, Revenue by Geography 34
 3.7 Oil Search Limited, Financial and Operational Review 35
 3.7.1 Financial Statements 35
 3.7.2 Financial Ratios 36
 4 Profile of Chevron Corporation 37
 4.1 Chevron Corporation, Key Information 37
 4.2 Chevron Corporation, Company Overview 37
 4.3 Chevron Corporation, Business Description 37
 4.3.1 Chevron Corporation, Business Description, Overview 37
 4.3.2 Chevron Corporation, Business Description, Chemicals 38
 4.3.3 Chevron Corporation, Business Description, Downstream Segment 39
 4.3.4 Chevron Corporation, Business Description, Others Segment 40
 4.3.5 Chevron Corporation, Business Description, Upstream Segment 41
 4.4 Chevron Corporation, Value Chain Analysis 43
 4.4.1 Chevron Corporation, Value Chain Analysis, Upstream 43
 4.4.2 Chevron Corporation, Value Chain Analysis, Midstream 46
 4.4.3 Chevron Corporation, Value Chain Analysis, Retail 46
 4.4.4 Chevron Corporation, Value Chain Analysis, Power Generation 47
 4.4.5 Chevron Corporation, Value Chain Analysis, Transformation 48
 4.5 Chevron Corporation, SWOT Analysis 48
 4.5.1 Chevron Corporation, SWOT Analysis, Overview 48
 4.5.2 Chevron Corporation, SWOT Analysis, Strengths 49
 4.5.3 Chevron Corporation, SWOT Analysis, Weaknesses 50
 4.5.4 Chevron Corporation, SWOT Analysis, Opportunities 51
 4.5.5 Chevron Corporation, SWOT Analysis, Threats 52
 4.6 Chevron Corporation, Revenue Analysis 53
 4.6.1 Chevron Corporation, Revenue by Segment 55
 4.6.2 Chevron Corporation, Revenue by Geography 55
 4.7 Chevron Corporation, Financial and Operational Review 56
 4.7.1 Financial Statements 56
 4.7.2 Financial Ratios 57
 5 Profile of Exxon Mobil Corporation 58
 5.1 Exxon Mobil Corporation, Key Information 58
 5.2 Exxon Mobil Corporation, Company Overview 58
 5.3 Exxon Mobil Corporation, Business Description 58
 5.3.1 Exxon Mobil Corporation, Business Description, Overview 58
 5.3.2 Exxon Mobil Corporation, Business Description, Chemical 58
 5.3.3 Exxon Mobil Corporation, Business Description, Downstream 60
 5.3.4 Exxon Mobil Corporation, Business Description, Upstream 62
 5.4 Exxon Mobil Corporation, Value Chain Analysis 64
 5.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream 64
 5.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 65
 5.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 66
 5.4.4 Exxon Mobil Corporation, Value Chain Analysis, Retail 66
 5.5 Exxon Mobil Corporation, SWOT Analysis 66
 5.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 66
 5.5.2 Exxon Mobil Corporation, SWOT Analysis, Strengths 67
 5.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses 69
 5.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 71
 5.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 72
 5.6 Exxon Mobil Corporation, Revenue Analysis 74
 5.6.1 Exxon Mobil Corporation, Revenue by Segment 74
 5.6.2 Exxon Mobil Corporation, Revenue by Geography 74
 5.7 Exxon Mobil Corporation, Financial and Operational Review 76
 5.7.1 Financial Statements 76
 5.7.2 Financial Ratios 77
 6 Financial Deals Landscape 78
 6.1 Detailed Deal Summary 78
 6.1.1 Partnerships 78
 6.1.2 Asset Transactions 79
 7 Recent Developments 87
 7.1 License Awards 87
 7.1.1 Nov 25, 2008: LNG Energy Awarded New PNG Licenses 87
 7.1.2 May 12, 2008: Oil Search Signs PSC With KRG For Shakal Block 87
 7.2 Strategy and Business Expansion 89
 7.2.1 Oct 08, 2008: Eni And Papua New Guinea Sign Long Term Partnership Agreement 89
 7.3 Recent Discoveries 89
 7.3.1 Dec 31, 2008: InterOil Confirms Gas At Antelope-1 Well In Papua New Guinea 89
 7.3.2 Jul 28, 2008: Interoil To Complete Elk-4 Appraisal Well As Gas And Condensate Producer 90
 7.3.3 Jul 22, 2008: Rift Updates On Puk Puk-1 Well In Papua New Guinea 91
 7.3.4 Jul 03, 2008: Rift Finds Gas At PUK PUK-1 Well In PNG 91
 7.4 Drilling and Production Updates 92
 7.4.1 Mar 02, 2009: InterOil Provides Flow Test Results Of Antelope-1 Well In PPL 238, Papua New Guinea 92
 7.4.2 Mar 02, 2009: InterOil's Antelope-1 Well In Papua New Guinea To Hold 10 Tcf Of Gas 93
 7.4.3 Jan 29, 2009: InterOil Drills Additional Reservoir At Antelope-1 Well In PPL 238, Papua New Guinea 93
 7.4.4 Jan 22, 2009: InterOil Updates On Antelope-1 Well In Papua New Guinea 94
 7.4.5 Jan 13, 2009: InterOil Announces Initial Logging Results From Antelope-1 Well In Papua New Guinea 94
 7.5 Financial Announcements 95
 7.5.1 Feb 24, 2009: Oil Search Declares 2008 Final Dividend 95
 7.5.2 Jan 27, 2009: Oil Search Declares 2008 Results 95
 7.5.3 Oct 21, 2008: Oil Search Reports 3Q 2008 Results 98
 7.5.4 Sep 29, 2008: Oil Search Declares 2008 Interim Dividend 100
 7.5.5 Aug 18, 2008: Oil Search Reports 1H 2008 Results 102
 7.6 Other Significant Developments 104
 7.6.1 Feb 11, 2009: Blue Energy Updates On New Oil Play In Papua New Guinea 104
 7.6.2 Jan 28, 2009: Nippon Oil To Invest $560.6 Million For Oil And Gas In Papua New Guinea 104
 7.6.3 Nov 24, 2008: Talisman Commences Seismic Exploration Work On Offshore Pandora Gas Field In Gulf Of Papua 105
 8 Appendix 106
 8.1 Methodology 106
 8.1.1 Coverage 106
 8.1.2 Secondary Research 107
 8.1.3 Primary Research 107
 8.1.4 E&P Forecasts 108
 8.1.5 Midstream Forecasts 109
 8.1.6 Expert Panel Validation 109
 8.2 Contact Us 110
 8.3 About GlobalData 110
 8.4 Disclaimer 110
 
 1.1 List of Tables
 Table 1: Papua New Guinea, Oil and Gas, Key Statistics, 2008 10
 Table 2: Papua New Guinea, Total Crude Oil Production (MMBBLs), 2001-2008 12
 Table 3: Papua New Guinea, Total Natural Gas Production (MMcf), 2001-2008 13
 Table 4: Papua New Guinea, Crude Oil Production (MMBBLs), by Assets, 2001-2008 14
 Table 5: Papua New Guinea, Natural Gas Production (MMcf), by Assets, 2001-2008 14
 Table 6: Papua New Guinea, Crude Oil Production (MMBBLs), by Company, 2001-2008 14
 Table 7: Papua New Guinea, Natural Gas Production (MMcf), by Company, 2001-2008 15
 Table 8: Papua New Guinea, Total Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2014 15
 Table 9: Papua New Guinea, Total Natural Gas Production (MMcf), Forecast by Assets, 2009-2014 15
 Table 10: Papua New Guinea, Forecasted Crude Oil Assets-Wise Gross Revenue(000’$), 2009-2014 16
 Table 11: Papua New Guinea, Forecasted Natural Gas Assets-Wise Gross Revenue(000’$), 2009-2014 16
 Table 12: Papua New Guinea, Projected Crude Oil Assets-wise Government Take(000’$), 2009-2014 16
 Table 13: Papua New Guinea, Projected Natural Gas Assets-Wise Government Take(000’$), 2009-2014 17
 Table 14: Papua New Guinea, Projected Crude Oil Assets-wise Contractor Take(000’$), 2009-2014 17
 Table 15: Papua New Guinea, Projected Natural Gas Assets-Wise Contractor Take(000’$), 2009-2014 17
 Table 16: Papua New Guinea, Active Oil Field Assets Details 18
 Table 17: Papua New Guinea, Planned Oil Field Assets Details 18
 Table 18: Papua New Guinea, Active Gas Field Assets Details 18
 Table 19: Papua New Guinea, Planned Gas Field Assets Details 19
 Table 20: Papua New Guinea, Total Active Exploration Blocks, 2001-2008 20
 Table 21: Papua New Guinea, Exploration Active Blocks by Company, 2001-2008 20
 Table 22: Papua New Guinea, Oil and Gas Exploration Details 21
 Table 23: Oil Search Limited, Key Facts 25
 Table 24: Oil Search Limited, SWOT Analysis 30
 Table 25: Oil Search Limited, Revenue by Segment, USD Thousand, 2003-2007 34
 Table 26: Oil Search Limited, Revenue by Geography, USD Thousand, 2003-2007 34
 Table 27: Oil Search Limited, Financial Statements, USD Thousand, 2003-2007 35
 Table 28: Oil Search Limited, Financial Ratios, USD Thousand, 2003-2007 36
 Table 29: Chevron Corporation, Key Facts 37
 Table 30: Chevron Corporation, SWOT Analysis 49
 Table 31: Chevron Corporation, Revenue by Segment, USD Million, 2003-2007 55
 Table 32: Chevron Corporation, Revenue by Geography, USD Million, 2003-2007 55
 Table 33: Chevron Corporation, Financial Statements, USD Million, 2003-2007 56
 Table 34: Chevron Corporation, Financial Ratios, USD Million, 2003-2007 57
 Table 35: Exxon Mobil Corporation, Key Facts 58
 Table 36: Exxon Mobil Corporation, SWOT Analysis 67
 Table 37: Exxon Mobil Corporation, Revenue by Segment, USD Million, 2003-2007 74
 Table 38: Exxon Mobil Corporation, Revenue by Geography, USD Million, 2003-2007 75
 Table 39: Exxon Mobil Corporation, Financial Statements, USD Million, 2003-2007 76
 Table 40: Exxon Mobil Corporation, Financial Ratios, USD Million, 2003-2007 77
 Table 41: Santos Enters Into An Agreement With ExxonMobil, Oil Search, Nippon Oil, AGL and MRDC 78
 Table 42: Nippon Oil Acquires Interest In Four Gas Exploration Licenses From Oil Search 79
 Table 43: Nippon Oil Acquires Stake In LNG Project And Oilfields From AGL Energy 80
 Table 44: Petromin To Acquire Interest In Elk/Antelope Field From InterOil 81
 Table 45: New Guinea Energy To Sell Stake In Its Onshore Oil And Gas Acreage 82
 Table 46: Sasol Petroleum International Acquires Majority Stake In Natural Gas Exploration Licenses 83
 Table 47: InterOil To Sell PNG Interests To Horizon Oil 84
 Table 48: Austral Pacific Energy To Sell Its Interest In Petroleum Prospecting Licenses 235 and 261 To Foreland Oil 85
 Table 49: AGL Energy To Sell Its PNG Assets 86
 
 1.2 List of Figures
 Figure 1: Papua New Guinea, Exploration and Production Assets Map, 2008 11
 Figure 2: Papua New Guinea, Total Crude Oil Production (MMBBLs), 2001-2008 12
 Figure 3: Papua New Guinea, Total Natural Gas Production (MMcf), 2001-2008 13
 Figure 4: Oil Search Limited, Value Chain Analysis 28
 Figure 5: Chevron Corporation, Value Chain Analysis 43
 Figure 6: Exxon Mobil Corporation, Value Chain Analysis 64
 Figure 7: GlobalData Methodology 106