Papua New Guinea Oil

Oil Reserves in Papua New Guinea

See also: List of countries by Oil Reserves

Papua New Guinea holds 180,249,000 barrels of proven oil reserves in the world as of 2016, ranking #57 in the world and accounting for about 0.011% of the world’s total oil reserves of 1,650,585,140,000.

Papua New Guinea has proven reserves equivalent to 13.3 times its annual consumption levels. This means that, without Net Exports, there would be about 13 years of oil left (at current consumption levels and excluding unproven reserves).

History of Oil Reserves in Papua New Guinea

Oil Consumption in Papua New Guinea

See also: List of countries by Oil Consumption

• Papua New Guinea consumes 37,001 barrels per day (B/d) of oil as of the year 2016.

• Papua New Guinea ranks #114 in the world for oil consumption, accounting for about 0.038% of the world’s total consumption of 97,103,871 barrels per day.

• Papua New Guinea consumes 0.17 gallons of oil per capita every day (based on the 2016 population of 8,961,718 people), or 63 gallons per capita per year (2 barrels). [1 barrel = 42 US Gallons]

Oil Production in Papua New Guinea

See also: List of countries by Oil Production

• Papua New Guinea produces 56,075 barrels per day of oil (as of 2016) ranking #60 in the world.

• Papua New Guinea produces every year an amount equivalent to 11.36% of its total proven reserves (as of 2016).

Oil Imports and Exports

• Papua New Guinea does not import nor export any Oil (as of 2016).

History of Oil Consumption and Production