Overview:

This profile is the essential source for top-level energy industry data and information. The report provides an overview of the oil industry in Papua New Guinea. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for the industry. It also provides information relating to the oil assets (oil fields, refineries, pipelines and storage terminals) in Papua New Guinea. The report also analyses the fiscal regime relevant to the oil assets in Papua New Guinea and compares the investment environment in Papua New Guinea with other countries in the region. The profiles of the major companies operating in the oil sector in Papua New Guinea together with the latest news and deals are also included in the report.
 
 Scope
 
 - Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for the oil industry for the period 1995-2020.
 - Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in Papua New Guinea Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020 for the period 1995-2020.
 - Operator and equity details for major oil assets in Papua New Guinea Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020
 - Key information relating to market regulations, key energy assets and the key companies operating in the Papua New Guinea Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020’s oil industry.
 - Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
 - Information on the top companies in the Papua New Guinea Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020 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 and venture capital investments, and IPOs.
 
 Reasons to buy
 
 - Gain a strong understanding of the country’s energy market.
 - Facilitate market analysis and forecasting of future industry trends.
 - Evaluate the attractiveness of the geography for oil investment in the light of government policies and the fiscal environment.
 - Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
 - Understand the geography’s policies and fiscal terms, and their impact on contractor’s profits from upstream oil assets.
 - Assess your competitor’s major crude oil assets and their performance.
 - Analyze the latest news and financial deals in the oil sector of each country.
 - 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 in the country.

Companies Mentioned
 

Oil Search Limited
Exxon Mobil Corporation
InterOil Corporation

 1 Table of Contents 2
 1.1 List of Tables 8
 1.2 List of Figures 10
 2 Papua New Guinea Energy Sector 11
 2.1 Papua New Guinea Energy Sector, Market Overview 11
 2.2 Papua New Guinea Energy Sector, Crude Oil 12
 2.2.1 Papua New Guinea Crude Oil, Overview 12
 2.2.2 Papua New Guinea Crude Oil, Supply and Demand Balance 12
 2.2.3 Papua New Guinea Crude Oil, Regulatory Structure 18
 2.2.4 Papua New Guinea Crude Oil, Infrastructure 18
 3 Papua New Guinea Fiscal Regime 20
 3.1 Papua New Guinea Petroleum Fiscal Environment 20
 3.2 License Terms 21
 3.3 Key Fiscal Terms 22
 3.4 Sample cashflows calculations 25
 4 Papua New Guinea Exploration and Production Sector 26
 4.1 Papua New Guinea Exploration and Production Sector, Country Snapshot 26
 4.1.1 Papua New Guinea Exploration and Production Sector, Key Data 26
 4.1.2 Papua New Guinea Exploration and Production Sector, Crude Oil Assets Map 26
 4.2 Papua New Guinea Exploration and Production Sector, Gross Crude Oil Production 27
 4.2.1 Papua New Guinea Exploration and Production Sector, Gross Crude Oil-Historical Production 27
 4.2.2 Papua New Guinea Exploration and Production Sector, Gross Crude Oil Production by Assets 28
 4.2.3 Papua New Guinea Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 28
 4.2.4 Papua New Guinea Exploration and Production Oil Sector, Market Share (%) based on Gross Equity Weighted Crude Oil Production 29
 4.3 Papua New Guinea Exploration and Production Sector, Gross Crude Oil Forecasts 31
 4.3.1 Papua New Guinea Exploration and Production Sector, Gross Crude Oil Forecasted Production 31
 4.3.2 Papua New Guinea Exploration and Production Sector, Gross Revenue Forecast 31
 4.3.3 Papua New Guinea Exploration and Production Sector, Government Take Forecast 31
 4.3.4 Papua New Guinea Exploration and Production Sector, Contractor Take Forecast 32
 4.4 Papua New Guinea Exploration And Production Sector, Crude Oil Asset Details 32
 4.4.1 Papua New Guinea Exploration And Production Sector, Active Crude Oil Asset Details 32
 4.4.2 Papua New Guinea Exploration And Production Sector, Planned Crude Oil Asset Details 33
 5 Papua New Guinea Pipeline Sector 34
 5.1 Papua New Guinea Pipeline Sector, Key Data 34
 5.2 Papua New Guinea Pipeline Sector, an Overview 34
 5.3 Papua New Guinea Pipeline Sector, Comparision of Key Crude Oil Pipeline Companies 34
 5.4 Papua New Guinea Pipeline Sector, Comparision of Key Petroleum Product Pipeline Companies 35
 5.5 Papua New Guinea Pipeline Sector, Crude Oil Pipelines 37
 5.6 Papua New Guinea Pipeline Sector, Petroleum Product Pipelines 37
 6 Papua New Guinea Refining Sector 38
 6.1 Papua New Guinea Refining Sector, Key Data 38
 6.2 Papua New Guinea Refining Sector, An Overview 38
 6.2.1 Papua New Guinea Refining Sector, Total Refining Capacity 38
 6.3 Papua New Guinea Refining Sector, Capacity- Wise Market Share by Company 39
 6.4 Papua New Guinea Refining Sector, Crude Distillation Unit Capacity 40
 7 Profile of Oil Search Limited 41
 7.1 Oil Search Limited, Key Information 41
 7.2 Oil Search Limited, Company Overview 41
 7.3 Oil Search Limited, Business Description 41
 7.3.1 Oil Search Limited, Business Description, Business Overview 41
 7.3.2 Oil Search Limited, Business Description, Exploration and Production 41
 7.3.3 Oil Search Limited, Business Description, Major Products and Services 43
 7.4 Oil Search Limited, Value Chain Analysis 44
 7.4.1 Oil Search Limited, Value Chain Analysis, Upstream 44
 7.4.2 Oil Search Limited, Value Chain Analysis, Midstream 45
 7.5 Oil Search Limited, SWOT Analysis 45
 7.5.1 Oil Search Limited, SWOT Analysis, Overview 45
 7.5.2 Oil Search Limited, SWOT Analysis, Strengths 46
 7.5.3 Oil Search Limited, SWOT Analysis, Weaknesses 46
 7.5.4 Oil Search Limited, SWOT Analysis, Opportunities 48
 7.5.5 Oil Search Limited, SWOT Analysis, Threats 49
 7.6 Oil Search Limited, Revenue Analysis 49
 7.6.1 Oil Search Limited, Revenue by Segment 49
 7.6.2 Oil Search Limited, Revenue by Geography 50
 7.7 Oil Search Limited, Financial and Operational Review 51
 7.7.1 Financial Statements 51
 7.7.2 Financial Ratios 52
 8 Profile of Exxon Mobil Corporation 53
 8.1 Exxon Mobil Corporation, Key Information 53
 8.2 Exxon Mobil Corporation, Company Overview 53
 8.3 Exxon Mobil Corporation, Business Description 53
 8.3.1 Exxon Mobil Corporation, Business Description, Overview 53
 8.3.2 Exxon Mobil Corporation, Business Description, Chemical 53
 8.3.3 Exxon Mobil Corporation, Business Description, Downstream 55
 8.3.4 Exxon Mobil Corporation, Business Description, Upstream 57
 8.4 Exxon Mobil Corporation, Value Chain Analysis 59
 8.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream 59
 8.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 60
 8.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 60
 8.4.4 Exxon Mobil Corporation, Value Chain Analysis, Retail 61
 8.5 Exxon Mobil Corporation, SWOT Analysis 61
 8.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 61
 8.5.2 Exxon Mobil Corporation, SWOT Analysis, Strengths 62
 8.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses 64
 8.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 65
 8.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 66
 8.6 Exxon Mobil Corporation, Revenue Analysis 68
 8.6.1 Exxon Mobil Corporation, Revenue by Segment 68
 8.6.2 Exxon Mobil Corporation, Revenue by Geography 69
 8.7 Exxon Mobil Corporation, Financial and Operational Review 70
 8.7.1 Financial Statements 70
 8.7.2 Financial Ratios 71
 9 Profile of Chevron Corporation 72
 9.1 Chevron Corporation, Key Information 72
 9.2 Chevron Corporation, Company Overview 72
 9.3 Chevron Corporation, Business Description 72
 9.3.1 Chevron Corporation, Business Description, Overview 72
 9.3.2 Chevron Corporation, Business Description, Chemicals 73
 9.3.3 Chevron Corporation, Business Description, Downstream Segment 74
 9.3.4 Chevron Corporation, Business Description, Others Segment 75
 9.3.5 Chevron Corporation, Business Description, Upstream Segment 76
 9.4 Chevron Corporation, Value Chain Analysis 78
 9.4.1 Chevron Corporation, Value Chain Analysis, Upstream 78
 9.4.2 Chevron Corporation, Value Chain Analysis, Midstream 79
 9.4.3 Chevron Corporation, Value Chain Analysis, Retail 80
 9.4.4 Chevron Corporation, Value Chain Analysis, Power Generation 81
 9.4.5 Chevron Corporation, Value Chain Analysis, Transformation 81
 9.5 Chevron Corporation, SWOT Analysis 82
 9.5.1 Chevron Corporation, SWOT Analysis, Overview 82
 9.5.2 Chevron Corporation, SWOT Analysis, Strengths 83
 9.5.3 Chevron Corporation, SWOT Analysis, Weaknesses 84
 9.5.4 Chevron Corporation, SWOT Analysis, Opportunities 85
 9.5.5 Chevron Corporation, SWOT Analysis, Threats 86
 9.6 Chevron Corporation, Revenue Analysis 87
 9.6.1 Chevron Corporation, Revenue by Segment 87
 9.6.2 Chevron Corporation, Revenue by Geography 88
 9.7 Chevron Corporation, Financial and Operational Review 89
 9.7.1 Financial Statements 89
 9.7.2 Financial Ratios 90
 10 Financial Deals Landscape 91
 10.1 Detailed Deal Summary 91
 10.1.1 Partnerships 91
 10.1.2 Asset Transactions 92
 11 Recent Developments 102
 11.1 License Awards 102
 11.1.1 Mar 05, 2009: InterOil Receives Declaration Of Location And Renewal Of Petroleum Prospecting Licenses From Papua New Guinea 102
 11.1.2 Nov 25, 2008: LNG Energy Awarded New PNG Licenses 102
 11.2 Strategy and Business Expansion 103
 11.2.1 Feb 25, 2009: Liquid Niugini Gas To Get New Partners For Its LNG Project In Papua New Guinea 103
 11.3 Recent Discoveries 104
 11.3.1 Dec 31, 2008: InterOil Confirms Gas At Antelope-1 Well In Papua New Guinea 104
 11.4 Drilling and Production Updates 104
 11.4.1 Mar 31, 2009: Rift Oil Provides Test Results Of Puk-Puk Well In Papua New Guinea 104
 11.4.2 Mar 31, 2009: InterOil Updates On Reserves At Antelope Field In Papua New Guinea 105
 11.4.3 Mar 02, 2009: InterOil Provides Flow Test Results Of Antelope-1 Well In PPL 238, Papua New Guinea 105
 11.4.4 Mar 02, 2009: InterOil's Antelope-1 Well In Papua New Guinea To Hold 10 Tcf Of Gas 106
 11.4.5 Jan 29, 2009: InterOil Drills Additional Reservoir At Antelope-1 Well In PPL 238, Papua New Guinea 106
 11.4.6 Jan 22, 2009: InterOil Updates On Antelope-1 Well In Papua New Guinea 107
 11.4.7 Jan 13, 2009: InterOil Announces Initial Logging Results From Antelope-1 Well In Papua New Guinea 107
 11.4.8 Jan 07, 2009: InterOil Commences Logging And Coring Operations At Antelope-1 Well In Papua New Guinea 108
 11.4.9 Dec 18, 2008: InterOil Prepares To Drill Antelope-1 Well In Papua New Guinea 109
 11.4.10 Dec 08, 2008: InterOil Updates On Antelope-1 Appraisal Well In PPL 238, Eastern Papua Basin 109
 11.4.11 Oct 28, 2008: InterOil Updates On Antelope-1 Appraisal Well In PPL 238, Papua New Guinea 110
 11.4.12 Oct 27, 2008: Horizon Updates On Stanley-1 Well In PRL 4, Papua New Guinea 110
 11.5 Financial Announcements 111
 11.5.1 Feb 24, 2009: Oil Search Declares 2008 Final Dividend 111
 11.5.2 Jan 27, 2009: Oil Search Declares 2008 Results 111
 11.6 Other Significant Developments 114
 11.6.1 Mar 27, 2009: Rift Oil Receives Declaration Of Location After Discovery Wells In PNG 114
 11.6.2 Mar 09, 2009: New Guinea Energy Updates On Seismic Survey At PPL 267 In Papua New Guinea 114
 11.6.3 Feb 11, 2009: Blue Energy Updates On New Oil Play In Papua New Guinea 115
 11.6.4 Jan 28, 2009: Nippon Oil To Invest $560.6 Million For Oil And Gas In Papua New Guinea 116
 11.6.5 Dec 11, 2008: Papua New Guinea To Commence First LNG Exports In 2013-14 116
 11.6.6 Dec 01, 2008: Talisman Studies Use Of Floating LNG Plant For Its PNG Gas Field 116
 11.6.7 Nov 24, 2008: Talisman Commences Seismic Exploration Work On Offshore Pandora Gas Field In Gulf Of Papua 117
 11.6.8 Nov 17, 2008: Talisman To Develop Pandora Gas Field As FLNG Project In Papua New Guinea 118
 11.6.9 Nov 14, 2008: Rift Provides Upgrade Of Discoveries And Commercialisation Update 118
 11.6.10 Oct 30, 2008: Interoil Announces Direct Participation In Elk/Antelope Field By Petromin 119
 12 Appendix 120
 12.1 Methodology 120
 12.1.1 Coverage 121
 12.1.2 Secondary Research 122
 12.1.3 Primary Research 122
 12.1.4 E&P Forecasts 122
 12.1.5 Midstream Forecasts 124
 12.1.6 Expert Panel Validation 124
 12.2 Contact Us 124
 12.3 About GlobalData 125
 12.4 Disclaimer 125
 
 1.1 List of Tables
 Table 1: Papua New Guinea, Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020 13
 Table 2: Papua New Guinea, Historical and Forecasted Exports and Imports of Crude Oil, 1996-2020 15
 Table 3: Papua New Guinea, Historical Reserves of Crude Oil, 1996-2008 17
 Table 4: Papua New Guinea, License Application and Annual Fees, 2007 23
 Table 5: Papua New Guinea, Crude Oil Key Statistics, 2008 26
 Table 6: Papua New Guinea, Total Gross Crude Oil Production (MMBBLs), 2001-2008 27
 Table 7: Papua New Guinea, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 28
 Table 8: Papua New Guinea, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company, 2001-2008 28
 Table 9: Papua New Guinea, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2001-2008 29
 Table 10: Papua New Guinea, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2014 31
 Table 11: Papua New Guinea, Forecasted Assets-wise Gross Revenue (000'$), 2009-2014 31
 Table 12: Papua New Guinea, Projected Assets-wise Total Government Take (000'$), 2009-2014 31
 Table 13: Papua New Guinea, Projected Assets-wise Total Contractor Take (000'$), 2009-2014 32
 Table 14: Papua New Guinea, Active Oil Field Assets Details 32
 Table 15: Papua New Guinea, Planned Oil Field Assets Details 33
 Table 16: Papua New Guinea, Pipeline Key Statistics, 2008 34
 Table 17: Papua New Guinea, Crude Oil Pipeline Length by Company (Km), 2008 34
 Table 18: Papua New Guinea, Petroleum Product Pipeline Length by Company (Km), 2008 35
 Table 19: Papua New Guinea, Crude Oil Pipelines, 2008 37
 Table 20: Papua New Guinea, Petroleum Product Pipelines, 2008 37
 Table 21: Papua New Guinea, Refinery Key Statistics, 2008 38
 Table 22: Papua New Guinea, Total Refining Capacity (MMTPA), 2000- 2013 38
 Table 23: Papua New Guinea, Refining Capacity Company-wise (MMTPA), 2000-2013 39
 Table 24: Asia-Pacific, Crude Distillation Unit Capacity in Papua New Guinea (MMTPA), 2000-2013 40
 Table 25: Oil Search Limited, Key Facts 41
 Table 26: Oil Search Limited, SWOT Analysis 46
 Table 27: Oil Search Limited, Revenue by Segment, USD Thousand, 2003-2007 49
 Table 28: Oil Search Limited, Revenue by Geography, USD Thousand, 2003-2007 50
 Table 29: Oil Search Limited, Financial Statements, USD Thousand, 2003-2007 51
 Table 30: Exxon Mobil Corporation, Key Facts 53
 Table 31: Exxon Mobil Corporation, SWOT Analysis 62
 Table 32: Exxon Mobil Corporation, Revenue by Segment, USD Million, 2003-2007 68
 Table 33: Exxon Mobil Corporation, Revenue by Geography, USD Million, 2003-2007 69
 Table 34: Exxon Mobil Corporation, Financial Statements, USD Million, 2003-2007 70
 Table 35: Exxon Mobil Corporation, Financial Ratios, USD Million, 2003-2007 71
 Table 36: Chevron Corporation, Key Facts 72
 Table 37: Chevron Corporation, SWOT Analysis 83
 Table 38: Chevron Corporation, Revenue by Segment, USD Million, 2003-2007 88
 Table 39: Chevron Corporation, Revenue by Geography, USD Million, 2003-2007 88
 Table 40: Chevron Corporation, Financial Statements, USD Million, 2003-2007 89
 Table 41: Chevron Corporation, Financial Ratios, USD Million, 2003-2007 90
 Table 42: Santos Enters Into An Agreement With ExxonMobil, Oil Search, Nippon Oil, AGL and MRDC 91
 Table 43: Nippon Oil Acquires Interest In Four Gas Exploration Licenses From Oil Search 92
 Table 44: Nippon Oil Acquires Stake In LNG Project And Oilfields From AGL Energy 93
 Table 45: Petromin To Acquire Interest In Elk/Antelope Field From InterOil 94
 Table 46: New Guinea Energy To Sell Stake In Its Onshore Oil And Gas Acreage 95
 Table 47: Sasol Petroleum International Acquires Majority Stake In Natural Gas Exploration Licenses 96
 Table 48: InterOil To Sell PNG Interests To Horizon Oil 97
 Table 49: Austral Pacific Energy To Sell Its Interest In Petroleum Prospecting Licenses 235 and 261 To Foreland Oil 98
 Table 50: AGL Energy To Sell Its PNG Assets 99
 Table 51: Austral Pacific Energy To Sell Assets To Horizon Energy 100
 Table 52: Eaglewood Energy Acquires Petroleum Licences From Transeuro Energy 101
 
 1.2 List of Figures
 Figure 1: Papua New Guinea, Energy Sector break-up, 2008 11
 Figure 2: Papua New Guinea, Crude Oil Production And Consumption, Thousand Barrels Per Day, 1996-2020 14
 Figure 3: Papua New Guinea, Crude Oil Assets Map, 2008 26
 Figure 4: Papua New Guinea, Total Gross Crude Oil Production (MMBBLs), 2001-2008 27
 Figure 5: Papua New Guinea, Gross Equity Weighted Crude Oil Production (MMBBLs),by Company, 2001-2008 29
 Figure 6: Papua New Guinea, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2008 30
 Figure 7: Papua New Guinea, Crude Oil Pipeline Length by Company (Km), 2008 35
 Figure 8: Papua New Guinea, Petroleum Product Pipeline Length by Company (Km), 2008 36
 Figure 9: Papua New Guinea, Total Refining Capacity (MMTPA), 2000- 2013 39
 Figure 10: Oil Search Limited, Value Chain Analysis 44
 Figure 11: Exxon Mobil Corporation, Value Chain Analysis 59
 Figure 12: Chevron Corporation, Value Chain Analysis 78
 Figure 13: GlobalData Methodology 121