THE 13th Papua New Guinea Mining and Petroleum Investment Conference and Technical Seminars to be held this year is an opportunity for the PNG mining and petroleum companies to showcase their companies.
The PNG Chamber of Mines and Petroleum will host the conference in Sydney, Australia, later this year.
PNGCMP said it was an opportunity for the companies to meet all players in the industry and decision makers in government to showcase their respective companies. PNGCMP notes important highlights in PNG resource sector which are;
The PNG oil and gas sector is experiencing an unprecedented period of activity and growth;
exploration is at an all-time high and a number of highly prospective exploration wells are planned for this year;
the world class PNG LNG Project is near completion and first production is anticipated well before the time of the conference.
opportunities are emerging for a train three and four expansion to this project and additional gas developments are likely.
the PNG mining industry has been facing challenging times similar to many mining nations across the globe due to decreases in commodity prices, increased costs and falling productivity.
the junior sector is facing tough times resulting from negative sentiments in financial markets.
the mining industry is addressing these changing conditions and significant progress is being made in responding to the new environment, and;
Development is well under way on the Solwara 1 deep sea mining project and several of PNG’s world class mineral prospects have made further substantial progress.
PNGCMP said those achievements will be showcased in the conference.
The conference offers a wide range of prestigious sponsorship opportunities.