Chevron Niugini Limited (CNGL)

Chevron Niugini Limited (CNGL)

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Last update: Feb 13, 2025 Last update: Feb 13, 2025
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Details

Legal residence:Papua New Guinea
Organization type:Supplier / manufacturer
Funding agencies:Other
Other
Sectors:Energy, Industry, Commerce & Services
Energy, Industry, Commerce & Services
Sanctions:Check now
Status:
Active

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About

Chevron Niugini Limited (CNGL) commenced its PNG exploration activities in 1978. Oil in commercial quantities was discovered in 1985 and first oil produced from the Kutubu Project in 1992. Since then, the company has produced more than 300 million barrels of oil. Today the oil fields produce around 50,000 barrels of oil per day.

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