View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
May 12, 2022

Kutubu Conventional Oil Field, Papua New Guinea

By Carmen

Kutubu is a producing conventional oil field located onshore Papua New Guinea and is operated by Oil Search (PNG). The field is located in block PDL 2.

Field participation details

The field is owned by Santos, Mineral Resources Development, Marubeni, JX Nippon Oil & Gas Exploration and Exxon Mobil.


Production from Kutubu

The Kutubu conventional oil field recovered 99.89% of its total recoverable reserves, with peak production in 1993. The peak production was approximately 125.63 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2032. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 0.42 Mmboe, comprised of 0.42 Mmbbl of crude oil & condensate.


About Oil Search (PNG)

Oil Search (PNG) Limited is an energy company based in Papua New Guinea. The company operates all the existing oil and gas production facilities in the country and is a subsidiary of Oil Search Limited.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU