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Papua New Guinea Oil and Gas Report Q1 2013 - Product Image

Papua New Guinea Oil and Gas Report Q1 2013

  • ID: 2323390
  • November 2012
  • Region: Equatorial Guinea, Guinea
  • 66 pages
  • Business Monitor International

FEATURED COMPANIES

  • Blue Energy – Summary
  • Esso Highlands – Summary
  • InterOil
  • LNG Energy – Summary
  • Others
  • Santos - Summary
  • MORE

BMI View:

Plans to commercialise Papua New Guinea’s gas potential with a number of LNG projects continue to advance. With first gas from Exxon's PNG LNG projects set for 2014, the country is on track to benefit from its strategic location and sizable unused reserves. The entrance of new players such as Total and potentially Shell to the country's upstream could support new LNG projects and revive existing proposals. However we highlight that unlike our bullish outlook for gas production, we forecast that falling liquids production will by 2021 leaving PNG with a net import requirement of some 46,400b/d.

The main trends and developments we highlight for PNG’s Oil and Gas sector are:

- First gas from the US$15.7bn ExxonMobil-led PNG LNG project could treble PNG’s exports and boost its GDP by at least 20%. The project remains on track for first gas in 2014, and Exxon and its partners continue to aggressively target the reserves to support a third train at the facility.

- InterOil's Liquid Niugini (Gulf LNG) project could be revived after nearly being cancelled by the frustrated PNG government. Negotiations continue with Royal Dutch Shell for READ MORE >

FEATURED COMPANIES

  • Blue Energy – Summary
  • Esso Highlands – Summary
  • InterOil
  • LNG Energy – Summary
  • Others
  • Santos - Summary
  • MORE

BMI Industry View 5

SWOT Analysis 6

Papua New Guinea Oil and Gas SWOT 6

Industry Forecast Scenario 7

Oil And Gas Reserves 7
Table: Papua New Guinea Proven Oil & Gas Reserves And Total Petroleum Data – Historical Data And Forecasts, 2010-2016 7
Table: Papua New Guinea Proven Oil & Gas Reserves And Total Petroleum Data – Long-Term Forecasts, 2015-2021 8

Oil Supply And Demand 10
Table: Papua New Guinea Oil Production, Consumption And Net Exports – Historical Data And Forecasts, 2010-2016 10
Table: Papua New Guinea Oil Production, Consumption And Net Exports – Long-Term Forecasts, 2015-2021 11

Gas Supply And Demand 14
Table: Papua New Guinea Gas Production, Consumption And Net Exports – Historical Data & Forecasts, 2010-2016 14
Table: Papua New Guinea Gas Production, Consumption And Net Exports – Long-Term Forecasts, 2015-2021 15

LNG 18

Refining And Oil Products Trade 21
Table: Papua New Guinea Refining – Production And Consumption – Historical Data & Forecasts, 2010-2016 21
Table: Papua New Guinea Refining – Production And Consumption – Long-Term Forecasts 2015-2021 21

Revenues/Import Costs 23

Key Risks To our Forecast Scenario 23

Country Risk/Reward Ratings 24

PNG Upstream Rating 24

PNG Downstream Rating 24

Regional Risk/Reward Ratings 25
Table: Asia's Oil & Gas Risk/Rewards Ratings 25
Table: Asia Upstream Risk/Reward Ratings 30
Table: Asia Downstream Risk/Reward Ratings 31

Papua New Guinea Energy Market Overview 32

Overview/State Role 34

Licensing and Regulation 34

Government Policy 34

International Energy Relations 35
Table: Papua New Guinea – Upstream Projects Database 35

Oil And Gas Infrastructure 36

Oil Refineries 36
Table: Downstream Projects 36

Service Stations 36

Oil Storage 36

LNG Terminals 36

Gas Pipelines 39

Competitive Landscape 40

Executive Summary 40
Table: Key Players – PNG Oil And Gas Sector 41
Table: Upstream Players 41
Table: Downstream Player 41

Company Profiles 42

Oil Search 42

InterOil 46

Esso Highlands – Summary 49

Santos - Summary 49

Talisman Energy - Summary 49

Kina Petroleum - Summary 50

Horizon Oil - Summary 50

Papua Petroleum - Summary 51

Blue Energy – Summary 51

Eaglewood Energy – Summary 51

LNG Energy – Summary 52

Others – Summary 52

Regional Energy Market Outlook 53
Table: Number Of Rigs In Operation In Asia 54

Global Energy Market Outlook 59
Table: Global Oil Demand Forecasts – A Comparison 61

Asia – Regional Appendix 65
Table: Oil Consumption – Historical Data & Forecasts, 2009-2016 (’000b/d) 65
Table: Oil Consumption – Long-Term Forecasts, 2014-2021 (’000b/d) 65
Table: Oil Production – Historical Data & Forecasts, 2009-2016 (’000b/d) 66
Table: Oil Production – Long-Term Forecasts, 2014-2021 (’000b/d) 67
Table: Refining Capacity – Historical Data & Forecasts, 2009-2016 (’000b/d) 68
Table: Refining Capacity – Long-Term Forecasts, 2014-2021 (’000b/d) 68
Table: Gas Production – Historical Data & Forecasts, 2009-2016 (bcm) 69
Table: Gas Production – Long-Term Forecasts, 2014-2021 (bcm) 70
Table: Gas Consumption – Historical Data & Forecasts, 2009-2016 (bcm) 70
Table: Gas Consumption – Long-Term Forecasts, 2014-2021 (bcm) 71
Table: LNG Exports – Historical Data & Forecasts, 2009-2016 (bcm) 72
Table: Net LNG Exports – Long-Term Forecasts, 2014-2021 (bcm) 72

Methodology And Risks To Forecasts 73

Glossary Of Terms 74
Table: Glossary of Terms 74

Oil And Gas Risk/Reward Ratings Methodology 76

Ratings Overview 76
Table: BMI’s Oil & Gas Business Environment Ratings – Structure 77

Indicators 77
Table: BMI’s Oil & Gas Upstream Ratings – Methodology 77
Table: BMI’s Oil & Gas Business Environment Downstream Ratings – Methodology 78

BMI Methodology 80

How We Generate Our Industry Forecasts 80

Energy Industry 80

Cross checks 81

Sources 81

Company Profiles
Oil Search
InterOil
Esso Highlands – Summary
Santos - Summary
Talisman Energy - Summary
Kina Petroleum - Summary
Horizon Oil - Summary
Papua Petroleum - Summary
Blue Energy – Summary
Eaglewood Energy – Summary
LNG Energy – Summary
Others

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