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Since
the first drilling took place in 1913, the total number
of wells drilled so far is 342 (both exploration &
development wells). Of these 126 are development wells
and 216 exploration wells. |
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Papua
New Guinea exported her first crude oil in June 1992 from
its Kutubu Petroleum Project. The first commercially viable
oil fields were Iagifu/Hedinia and Agogo fields, which
produced up to 4.3 million barrels of oil per month at
peak production. The Kutubu oil field produces from Toro
sandstone formation that has permeability ranging from
0.50 Darcy to 3.0 Darcy. These wells easily delivered
more then 10,000 bbls of oil per day during the start
of field development. |
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As
full field developments were completed and operating,
exploration activities continued. Three
new fields were discovered namely; SE Gobe and Gobe Main,
Moran, and Mananda. Not only does PNG produce oil, it
also has a vast quantity of gas reserves of up to 17 trillion
cubic feet. One of the largest gas fields is the Hides
Field. Some of this gas is being utilized by local industries,
however, most of it will be available for the PNG Gas
Export Project to Queensland, Australia. |
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The
Gobe Petroleum Development project is another oil project
that produces from the same Basin as the Kutubu. The Gobe
oil project comprises Gobe Main and SE Gobe fields.
Gobe wells also delivered up to 10,000 bbls per day at
the start of production. |
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The
other new oil field that is currently under development
is the Moran field. The Moran oil field produces oil from
Toro and Digimu sandstone reservoirs. Current extended
well testing shows oil production of up to 10,000 bbls
of oil per day for all the wells. |
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The
Hides gas field has gas reserves of up to more than 8.0
Trillion Cubic Feet of gas (2P). Some of the Hides gas
is currently used to generate electricity for the nearby
Pogera Gold Mine in the Enga Province. The Hides gas field
is one of the main gas fields programmed to supply gas
to markets in Australia. |
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Current
Producing Fields are: Hedinia, Iagifu, Usano, Agogo, SE
Gobe, Gobe Main, Moran, Hides(Gas Field) |
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Fields
Yet To Be Appraised/Developed: SE Mananda, Angore, Barikewa,
Bwata, Elevala, Iehi, Juha, Ketu, P'nyang, SE Hedinia,
Kimu and Uramu |
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Showing
trend of yearly geological surveys since early 1990
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Showing
trend of yearly seismic surveys conducted since early
1990
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