Papua New Guinea - Crude Oil including Lease Condensate Reserves

30.89 (thousand barrels per day) in January 2024

In January 2024, crude oil reserves for Papua New Guinea was 30.89 thousand barrels per day. Crude oil reserves of Papua New Guinea fell gradually from 32.91 thousand barrels per day in February 2023 to 30.89 thousand barrels per day in January 2024.

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What is crude oil reserves?

Proved reserves of crude oil as of January 1 of the report year are the estimated quantities of all liquids defined as crude oil, which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from reservoirs under existing economic and operating conditions.

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What is Papua New Guinea crude oil reserves?