PAPUAN RESERVES ESTIMATED AT 340-411 MILLION BBL

Proved and probable reserves of Papua New Guinea's potentially viable fields are placed at 340 million st tk bbl recoverable of an estimated 791 million bbl of proved and probable oil in place. If the possible category were included, the same fields contain 411 million st-tk bbl recoverable out of 1.034 billion bbl in place, a consulting firm estimated. Scientific Software-Intercomp, Denver, carried out an audit for the country's Department of Minerals & Energy in 1990, 1991, and 1992.

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