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 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
  • Has 2P reserves of 566.9 million barrels of oil equivalent, including 505 mmboe relating to the PNG LNG Project, and contingent 2C resources of 281 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$6 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 1,000 contractors located in PNG, Australia, Yemen and the United Arab Emirates
  • Has exploration activities in PNG, Yemen, Iraq and Tunisia
  • Is unaffected by Australia's recently introduced resources super profits tax as all producing fields are located in PNG
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Oil Search Limited sign

Photo by AM+M