ExxonMobil PNG Limited serves as the primary operating entity for ExxonMobil's upstream activities in Papua New Guinea, particularly as the operator of the landmark PNG LNG Project. As an indirect wholly owned subsidiary of ExxonMobil Corporation, the U.S.-based multinational energy company, it focuses on the exploration, production, processing, and transportation of natural gas and associated liquids.
The company's core operations center on the PNG LNG Project, an integrated development with a capacity exceeding 8 million tonnes of liquefied natural gas (LNG) per annum. Gas is extracted from fields in Hela Province, conditioned at the Hides facility, piped approximately 700 kilometers to the liquefaction plant at Caution Bay near Port Moresby, and then exported via tankers primarily to Asian markets. Production began in 2014, and the project has consistently delivered strong operational performance, including first-quartile greenhouse gas intensity.
Beyond PNG LNG, ExxonMobil PNG Limited acts as the delegated downstream operator for the proposed Papua LNG Project and holds stakes in other developments such as the P’nyang LNG initiative. It also supports local economic development through extensive national content programs, employing a workforce that is over 90 percent Papua New Guinean and investing in training, education, health, and supplier partnerships. The PNG LNG Project stands as the largest private-sector investment in Papua New Guinea's history, valued at around US$19 billion at inception, significantly contributing to the nation's energy exports and economic growth.
Also known as EMPNG and ExxonMobil PNG Ltd.
Revenue up 15% to RM152.4bn; PAT RM27.2bn; CAPEX RM41.4bn and full ownership of PRefChem expected in 2H 2026 amid West Asia conflict-driven volatility.