Papua New Guinea could earn $20 billion from oil and gasStaff Writer | August 23, 2017
The Papua New Guinea company Oil Search Limited has estimated that the oil and gas sector will attract about $20 billion in the next seven years if given the right environment.
Energy Oil Search upbeat about PNG gas
Mr Botten said more than 10 trillion cubic feet is available to underwrite new investments in the Elk Antelope field.
He said oil and gas production can more than double over the next five to seven years, and lead to more than 20,000 new jobs.
However, he said there are many issues to resolve to make this happen. ■