Papua New Guinea Oil

Oil Reserves in Papua New Guinea (2025)

See also: List of countries by Oil Reserves

Papua New Guinea holds 143,387,000 barrels of proven oil reserves as of 2025, ranking #64 in the world and accounting for about 0.0081% of the world's total oil reserves of 1,765,151,568,000.

Papua New Guinea has proven reserves equivalent to 9.2 times its annual consumption levels (based on 2024 data). This means that, without net exports, there would be about 9 years of oil left (at 2024 consumption levels and excluding unproven reserves).

History of Oil Reserves in Papua New Guinea

Oil Consumption in Papua New Guinea (2024)

See also: List of countries by Oil Consumption

• Papua New Guinea consumes 42,716 barrels per day (B/d) of oil as of the year 2024.
• Papua New Guinea ranks #114 in the world for oil consumption, accounting for about 0.042% of the world's total consumption of 102,559,503 barrels per day.
• Papua New Guinea consumes 0.17 gallons of oil per capita every day (based on the 2024 population of 10,576,502 people), or 62 gallons per capita per year (1 barrels). [1 barrel = 42 US Gallons]

Oil Production in Papua New Guinea (2024)

See also: List of countries by Oil Production

• Papua New Guinea produces 32,313 barrels per day of oil (as of 2024) ranking #66 in the world.
• At 2024 production levels, Papua New Guinea produces every year about 8.23% of its proven reserves ( 2025).

Oil Exports (2018)

• In 2018, Papua New Guinea exported 92% of its oil production (32,961 barrels per day out of 35,679 produced).

History of Oil Consumption and Production