Central & SE Asia / Australasia
Country profile: Papua New Guinea
| Location: | Oceania, group of islands including the eastern half of the island of New Guinea between the Coral Sea and the South Pacific Ocean, east of Indonesia |
| Climate: | tropical; northwest monsoon (December to March), southeast monsoon (May to October); slight seasonal temperature variation |
| Terrain: | mostly mountains with coastal lowlands and rolling foothills |
| Size: | 462840 sq. km total (Land area: 452860 sq. km Water area: 9980 sq.km) |
| Population: | 5,931,769 (July 2008 est.) |
| Languages: | Melanesian Pidgin serves as the lingua franca, English spoken by 1%-2%, Motu spoken in Papua region note: 820 indigenous languages spoken (over one-tenth of the world's total) |
| Government: | constitutional parliamentary democracy |
| Capital city: | Port Moresby |
| Legal system: | based on English common law; has not accepted compulsory ICJ jurisdiction |
| Currency: | kina (PGK) |
| Licensing: |
Country profile
The eastern half of the island of New Guinea - second largest in the world - was divided between Germany (north) and the UK (south) in 1885. The latter area was transferred to Australia in 1902, which occupied the northern portion during World War I and continued to administer the combined areas until independence in 1975. A nine-year secessionist revolt on the island of Bougainville ended in 1997 after claiming some 20,000 lives.
Energy production and consumption
| Oil | Gas | |
| Production: | 50,000 bbl/day (January 2006 est.) | 95 million cu m (2005 est.) |
| Consumption: | 26,000 bbl/day (2005 est.) | 95 million cu m (2005 est.) |
| Exports: | 44,580 bbl/day (2005 est.) | |
| Imports: | 24,020 bbl/day (2005 est.) | |
| Reserves: | 170 million bbl (2007 est.) | 331 billion cu m (1 January 2006 est.) |
| Major fields: |
Papua New Guinea - recent news
| 02 Apr 25 |
PNG: Kumul Petroleum completes seismic programme on the Kimu and Barikewa licences Papua New Guinea's state-owned oil and gas company, Kumul Petroleum, has completed its seismic programme on the Kimu and Barikewa licences where it is the operator. |
| 19 Nov 24 |
PNG: Santos reports Angore online with strong production to PNG LNG Santos has announced completion of the Angore project in PNG’s Hela Province, which will deliver up to 350 million standard cubic feet (mmscf) per day of gas to support stable, long-term PNG LNG production. |
| 06 Nov 24 |
PNG: Kumul Petroleum finalises LNG forward sale to Chevron Chevron has agreed to make an advance payment to Kumul Petroleum, in exchange for LNG and condensate cargoes over the next two years from the PNG LNG Project in Papua New Guinea. |
| 04 Nov 24 |
PNG: Santos completes 2.6 per cent sale of PNG LNG to Kumul Santos has announced completion of the sale of a 2.6 per cent interest in PNG LNG to Kumul Petroleum Holdings. Effective 4 November 2024, Santos’ working interest in PNG LNG is 39.9 per cent. |
| 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. |
Papua New Guinea - more news
Other countries in this region
- Australia,
- Bangladesh,
- Brunei,
- Cambodia,
- China,
- Fiji,
- Hong Kong,
- India,
- Indonesia,
- Japan,
- Laos,
- Malaysia,
- Maldives,
- Mongolia,
- Myanmar,
- Nepal,
- New Zealand,
- North Korea,
- Pakistan,
- Palau,
- Philippines,
- Singapore,
- South Korea,
- Sri Lanka,
- Taiwan,
- Thailand,
- Timor Leste,
- Vietnam
