Recognising that mineral extraction has long remained the mainstay of Papua New Guinea’s export-driven economy, the country’s regulatory framework for the mining sector reflects the importance of creating a relatively friendly business environment for investors in the industry. The primary laws governing the sector are the Mining and Safety Acts of...
There are a number of large new projects that are planned for Papua New Guinea in the coming decade, and another wave is waiting in the wings. These exploration projects encompass mining operations across a spectrum of size as well as technical capability and operations. They range from small, locally grown prospectors to junior developers to bulk-...
After a period of decline, Papua New Guinea’s hydrocarbons industry is preparing for a dramatic comeback, with billions of dollars of investment flowing into exploration and production. The first of several planned large-scale liquefied natural gas (LNG) production and export projects is set to come on-line in 2014.
With global demand for petroleum rising, oil companies have been forced to think of more creative ways to tap into new sources of oil to compensate for the rapacious energy needs. A radical concept at the time, one of the more effective solutions was to tap into the two-thirds of the planet covered by water by creating the now ubiquitous offshore...
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