A giant gas field revealed…
In November 2006, a giant gas field estimated to contain reserves of more than 113 billion m3
was discovered on the upper reaches of the Purari River in Papua New Guinea (PNG). It is estimated that the giant reserve is capable of supplying a record 2.8 million m3
of gas and gas liquids a day.
InterOil, a Canadian oil and gas company, has been given the rights to extract the gas which is thought to be the biggest discovery of its kind in the history of PNG. It is believed that this new discovery could also be underpinned by a major oil basin.
One of the regions containing the highest levels of oil and gas deposits until now is also one of the most important biodiversity hotspots in PNG, the Kikori River Basin