Crude Oil Production in Papua New Guinea decreased to 48 BBL/D/1K in February from 49 BBL/D/1K in January of 2020.

Crude Oil Production in Papua New Guinea averaged 56.48 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 July of 2020.

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 2021, according to our econometric models.

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Papua New Guinea Crude Oil Production

Actual Previous Highest Lowest Dates Unit Frequency
48.00 49.00 115.00 3.70 1994 - 2020 BBL/D/1K Monthly

Papua New Guinea Trade Last Previous Highest Lowest Unit
Balance of Trade 6676.00 7349.00 7349.00 75.00 PGK Million [+]
Current Account 2256.70 2479.20 24564.30 -2266.00 PGK Million [+]
Current Account to GDP 26.70 22.50 26.70 -36.10 percent [+]
Imports 2515.00 2115.00 3882.00 518.00 PGK Million [+]
Exports 9191.00 9464.00 10574.00 623.00 PGK Million [+]
Gold Reserves 2.00 1.96 2.00 1.96 Tonnes [+]
Crude Oil Production 48.00 49.00 115.00 3.70 BBL/D/1K [+]
Terrorism Index 1.36 2.04 2.04 0.00 [+]