About Us

Company Profile

Oil Search Limited is an oil and gas exploration and development company that has been operating in Papua New Guinea since 1929.

  • Was incorporated in Papua New Guinea (PNG) in 1929 
  • Is PNG's largest oil and gas producer and operates all of PNG's currently producing oil and gas fields
  • Has a 29% interest in the world scale PNG LNG Project, operated by ExxonMobil, which commenced full construction in March 2010 with first LNG sales scheduled for 2014
  • Is publicly listed on the Australian and Port Moresby Stock Exchanges (OSH) and trades in the US through the ADR market (OISHY)
  • Has a market capitalisation of around US$10 billion
  • The Independent State of PNG is the Company's largest shareholder with a 15% interest. The PNG State has issued exchangable bonds over its holding to IPIC of Abu Dhabi 
  • Is one of PNG’s largest companies and tax payers
  • Has exploration activities in PNG, Yemen, Kurdistan region of Iraq and Tunisia

Year to 31 December 2012:

Operational

Annual Production: 6.38 mmboe

IP Reserves (proven): 337.7 mmboe

2P Reserves (proven and probable): 552.4 mmboe

2C Contingent resources: 395.1 mmboe

Exploration activities: PNG, Kurdistan region of Iraq, Tunisia, Yemen

Number of employees: 1,098 full-time staff; approximately 1,500 contractors

Financial

Revenue: US$724.6m

EBITDAX: US$524.3m

NPAT: US$175.8m

Underlying NPAT: US$153.0m

Operating cash flow: US$196.2m

Earnings per share: US13.2 cents

Dividends per share: US4.0 cents

Net debt: US$2,377.8m
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Oil Search Limited sign