Papua New Guinea Crude Oil Production - Forecast

Crude Oil Production in Papua New Guinea is expected to be 50.88 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 50.90 in 12 months time. In the long-term, the Papua New Guinea Crude Oil Production is projected to trend around 50.90 BBL/D/1K in 2020, according to our econometric models.


Papua New Guinea Crude Oil Production
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Papua New Guinea Trade Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 5433 5267 5046 5131 5016 5067
Exports 7246 7512 7261 7474 7291 7388
Imports 1813 2246 2215 2318 2274 2322
Current Account 343 1333 1252 1233 1232 1239
Current Account to GDP 15.3 3 3 23 2.5 -1
Gold Reserves 2 2 2 2 2 2
Terrorism Index 0 0.01 0 0 0 0
Crude Oil Production 50 50.88 50.91 50.9 50.9 50.9