Top 10 Companies in Papua New Guinea

Top 10 Companies in Papua New Guinea

Papua New Guinea, a diverse and resource-rich country, boasts a robust economy supported by a thriving private sector. Here are the top 10 companies that shape the nation’s economic landscape:

1. Oil Search Limited
* Industry: Energy
* Market Influence: Largest oil and gas producer in Papua New Guinea, accounting for over 80% of the country’s production.
* Notable Achievements: Successful exploration and development of major gas fields, including Elk-Antelope and PNG LNG.

2. Newcrest Mining Limited
* Industry: Mining
* Market Influence: World’s largest gold producer, with significant operations in Papua New Guinea.
* Notable Achievements: Owner and operator of the Lihir Gold Mine, one of the world’s largest and lowest-cost gold mines.

3. Barrick Niugini Limited
* Industry: Mining
* Market Influence: Major gold and copper producer in Papua New Guinea.
* Notable Achievements: Owner and operator of the Porgera Gold Mine, one of the largest and longest-running gold mines in the country.

4. ExxonMobil PNG Limited
* Industry: Energy
* Market Influence: Significant player in Papua New Guinea’s oil and gas industry, operating the PNG LNG Project.
* Notable Achievements: Partnership with the Papua New Guinea government to develop and operate the world’s largest single-train LNG plant.

5. Bank South Pacific Limited
* Industry: Banking and Finance
* Market Influence: Leading commercial bank in Papua New Guinea, with a network of branches and ATMs nationwide.
* Notable Achievements: Provides a range of financial services, including retail banking, corporate lending, and investment products.

6. Trukai Industries Limited
* Industry: Food and Beverage
* Market Influence: Major manufacturer and distributor of food and beverage products in Papua New Guinea.
* Notable Achievements: Produces a wide range of products, including rice, flour, pasta, and snacks, under the popular “Trukai” brand.

7. Kina Petroleum Limited
* Industry: Energy
* Market Influence: Emerging oil and gas company with operations in Papua New Guinea and the Philippines.
* Notable Achievements: Successful exploration and development of the Kutubu Oil Project, which contributed to Papua New Guinea’s oil production.

8. PNG Power Limited
* Industry: Utilities
* Market Influence: State-owned electricity utility that generates, transmits, and distributes electricity throughout Papua New Guinea.
* Notable Achievements: Provides essential infrastructure for the country’s economic development and access to energy.

9. Port Moresby NCDC
* Industry: Public Administration
* Market Influence: Local government authority responsible for the administration and management of Port Moresby, the capital city of Papua New Guinea.
* Notable Achievements: Provides essential services to the city’s residents, including waste management, infrastructure development, and social welfare programs.

10. Ok Tedi Mining Limited
* Industry: Mining
* Market Influence: Major copper and gold producer in Papua New Guinea.
* Notable Achievements: Significant economic contributor to the Western Province, where the mine is located, and a major employer in the country.