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Country summary: Papua New Guinea

energy-pedia opportunities - Papua New Guinea:
Current deals: 1
Licensing articles: 16
Completed deals: 66

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Energy-Pedia opportunities is a unique, online, real-time market intelligence service, un-matched in the industry. It provides comprehensive details of upstream oil and gas opportunities worldwide, plus full details of all current and upcoming licence rounds. Helping established oil companies maintain and develop their upstream portfolios and enabling start-up companies to build successful businesses.

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Papua New Guinea - recent news

31 May 24
PNG: MRDC and Twinza execute agreements over the Pasca A Project
Mineral Resources Development Company ('MRDC'), Twinza Oil and Twinza Oil (PNG) have announced that they have obtained all internal approvals and executed a series of binding agreements for MRDC to take an up to 50% Participating Interest in the Pasca A Development Project and for the companies to cooperate in the acquisition and development of other oil and gas assets in Papua New Guinea.
07 Mar 24
PNG: PGS sponsors PNG digitalization initiative
PGS is supporting PNG Department of Petroleum and Energy modernization and digitalization, improving access to data. The PNG Department of Petroleum and Energy (DPE) plays a crucial role in regulating Papua New Guinea’s oil and gas industry and provides essential information to partners and prospective investors.
01 Feb 24
PNG: Santos announces partial completion of sale of 2.6 per cent of PNG LNG to Kumul
Santos refers to its 29 December 2023 announcement for the sale of 2.6 per cent of PNG LNG to Kumul Petroleum. Santos and Kumul have agreed an amendment to the Sale Agreement where Kumul has taken an effective interest in the Santos entity that holds the 2.6 per cent sale interest. Kumul has paid US$352 million to Santos on 31 January 2024 to allow partial completion of the transaction.
02 Jan 24
PNG: Santos confirms funding conditions met to complete sale of 2.6 per cent of PNG LNG to Kumul
Santos has confirmed that further to the announcement on 31 August 2023 for the sale of 2.6 per cent of PNG LNG to Kumul Petroleum Holdings, funding for the transaction has been secured by Kumul.
21 Nov 23
PNG: Altrad Sparrows ventures into Papua New Guinea with ExxonMobil LNG contract
Sparrows Group, the maintenance and engineering services specialist for the global energy and industrial sectors, has announced a momentous contract win for the provision of comprehensive crane maintenance services to the ExxonMobil PNG LNG project.

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