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Technical Assistance in Energy

Papua New Guinea

Borrower Papua New Guinea
Financing Type Public Sector
Instrument Project Loan
Focus Area Energy
Approved 02.11.1982
Signed 19.01.1983
Status Completed
Loan Administrator IDA
Executing Agency Petroleum Resources Assessment Group
Co-financiers IDA, Government
OPEC Fund Contribution (US$m) 1.70
Total Project Cost (US$m) 5.30

The project would provide a preparatory study to explore petroleum potentially in the Papua Basin in the south of Papua New Guinea. This would include: (i) a geological/geophysical assessment consisting of a detailed review of the four main sedimentary basin in PNG; (ii) the strengthening of geological survey; (iii) to provide promotional trips overseas and training of PNG nationals in the field of petroleum development.

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