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.

Quick facts

  • 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
  • At 31 December 2011, had 2P reserves of 553 million barrels of oil equivalent, including 505 mmboe relating to the PNG LNG Project, and contingent 2C resources of 318 million barrels of oil equivalent.
  • Is publicly listed on the Australian and Port Moresby Stock Exchanges and trades in the US through the ADR market
  • Has a market capitalisation of around US$8.5 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 approximately 1,000 full-time staff and over 1,200 contractors located in PNG, Australia, Yemen and the United Arab Emirates
  • Has exploration activities in PNG, Yemen, Iraq and Tunisia

 

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Oil Search Limited sign

Photo by AM+M