Crude Oil Production in Papua New Guinea remained unchanged at 41 BBL/D/1K in October from 41 BBL/D/1K in September of 2020. source: U.S. Energy Information Administration

Crude Oil Production in Papua New Guinea averaged 56.15 BBL/D/1K from 1994 until 2020, reaching an all time high of 115 BBL/D/1K in June of 1997 and a record low of 3.70 BBL/D/1K in March of 2005. This page provides - Papua New Guinea Crude Oil Production- actual values, historical data, forecast, chart, statistics, economic calendar and news. Papua New Guinea Crude Oil Production - values, historical data and charts - was last updated on February of 2021.

Crude Oil Production in Papua New Guinea is expected to be 47.54 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Papua New Guinea to stand at 47.55 in 12 months time. In the long-term, the Papua New Guinea Crude Oil Production is projected to trend around 47.55 BBL/D/1K in 2022, according to our econometric models.

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Papua New Guinea Crude Oil Production

Actual Previous Highest Lowest Dates Unit Frequency
41.00 41.00 115.00 3.70 1994 - 2020 BBL/D/1K Monthly
NSA

Papua New Guinea Trade Last Previous Highest Lowest Unit
Balance of Trade 4898.00 4903.00 7131.00 75.00 PGK Million [+]
Current Account 4090.00 4158.00 6356.00 -2266.00 PGK Million [+]
Current Account to GDP 26.70 22.50 26.70 -36.10 percent [+]
Imports 2136.00 2361.00 3881.00 518.00 PGK Million [+]
Exports 7035.00 7264.00 10573.00 623.00 PGK Million [+]
Gold Reserves 1.96 1.96 1.96 1.96 Tonnes [+]
Crude Oil Production 41.00 41.00 115.00 3.70 BBL/D/1K [+]
Foreign Direct Investment 127.00 -398.00 968.00 -799.00 PGK Million [+]
Capital Flows -4791.00 -3177.00 1881.00 -6984.00 PGK Million [+]
Terrorism Index 0.69 1.36 2.04 0.00 [+]