Crude Oil Production in Papua New Guinea remained unchanged at 39 BBL/D/1K in March from 39 BBL/D/1K in February of 2021. source: U.S. Energy Information Administration

Crude Oil Production in Papua New Guinea averaged 56.13 BBL/D/1K from 1993 until 2021, reaching an all time high of 128 BBL/D/1K in February of 1993 and a record low of 4 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 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
39.00 39.00 128.00 4.00 1993 - 2021 BBL/D/1K Monthly
NSA

Papua New Guinea Trade Last Previous Highest Lowest Unit
Balance of Trade 6416.00 5278.00 7145.00 75.00 PGK Million [+]
Current Account 5741.00 4470.00 6342.00 -2266.00 PGK Million [+]
Current Account to GDP 16.90 20.40 24.70 -16.60 percent of GDP [+]
Imports 1789.00 2136.00 3881.00 518.00 PGK Million [+]
Exports 8204.00 7415.00 10573.00 623.00 PGK Million [+]
Gold Reserves 1.96 1.96 1.96 1.96 Tonnes [+]
Foreign Direct Investment 110.00 127.00 968.00 -799.00 PGK Million [+]
Capital Flows -2986.00 -5177.00 1881.00 -6969.00 PGK Million [+]
Crude Oil Production 39.00 39.00 128.00 4.00 BBL/D/1K [+]
Terrorism Index 0.69 1.36 2.04 0.00 [+]