About National petroleum company png
National Petroleum Company PNG: Fueling Papua New Guinea's Growth
National Petroleum Company PNG is the national oil and gas company of Papua New Guinea. Established in 2000, the company has been playing a pivotal role in the development of the country's energy sector. With its commercial interest in the participation of the PNG LNG Project, National Petroleum Company PNG has been instrumental in fueling Papua New Guinea's growth.
The company operates across all segments of the oil and gas industry, including exploration, production, refining, marketing, and distribution. It has a diverse portfolio of assets that includes onshore and offshore oil and gas fields as well as downstream facilities such as refineries and storage terminals.
Exploration
National Petroleum Company PNG is actively involved in exploring for new sources of hydrocarbons to meet Papua New Guinea's growing energy needs. The company has a proven track record of successful exploration activities that have led to significant discoveries such as Hides Gas Field - one of the largest natural gas fields in Asia-Pacific region.
Production
The company operates several producing assets across Papua New Guinea that include both onshore and offshore fields. These assets are operated by joint venture partnerships with other international oil companies such as ExxonMobil, Oil Search Limited, Santos Limited among others.
Refining
National Petroleum Company PNG owns two refineries located at Port Moresby (Papua New Guinea’s capital city) which have a combined capacity to process 32 thousand barrels per day (bpd) crude oil into various petroleum products like gasoline (petrol), diesel fuel etc., meeting local demand for refined products while also exporting surplus volumes to neighboring countries like Australia.
Marketing & Distribution
National Petroleum Company PNG markets its petroleum products under its brand name "Kina" through an extensive network of retail outlets spread across all provinces within Papua New Guinea. The company also exports surplus volumes to neighboring countries like Australia where it supplies major retailers with high-quality fuels.
PNG LNG Project
National Petroleum Company PNG has a 16.57% stake in the PNG LNG Project, which is one of the largest integrated natural gas projects in the world. The project involves extracting natural gas from fields in Papua New Guinea's highlands and transporting it via pipeline to a liquefaction plant near Port Moresby where it is converted into liquefied natural gas (LNG) for export to international markets.
The PNG LNG Project has been a game-changer for Papua New Guinea's economy, generating significant revenue and creating employment opportunities for local communities. National Petroleum Company PNG's participation in this project has been critical to its success, providing valuable expertise and resources that have helped drive its development.
Corporate Social Responsibility
National Petroleum Company PNG is committed to operating responsibly and sustainably, ensuring that its activities benefit both the environment and local communities. The company invests heavily in social programs that support education, health care, infrastructure development among others.
Conclusion
National Petroleum Company PNG is an integral part of Papua New Guinea's energy sector with a proven track record of successful exploration activities leading to significant discoveries such as Hides Gas Field - one of the largest natural gas fields in Asia-Pacific region. With its commercial interest in the participation of the PNG LNG Project, National Petroleum Company PNG has been instrumental in fueling Papua New Guinea's growth while also investing heavily on social programs that support education, health care among others.
npcp.com
