About Us

Oil Search’s vision is to be an acknowledged leader in oil and gas exploration and development in developing countries and a top quartile performer on the Australian Securities Exchange among the ASX 200 leaders.

Over the five year period to the end of 2012. Oil Search has delivered a Total Shareholder Return (TSR), comprising share price appreciation and dividends, of approximately 52%. The Company believes that it has the potential to continue to achieve top quartile performance for at least the next five years, by utilising the existing asset base and skills within the Company.

The key strategies being pursued to achieve this growth are:

1. Optimising the value of the oil and gas operations through the pursuit of near field production opportunities, rigorous cost control and new developments while ensuring long term operating capacity.
2. Maximising the value from the PNG LNG Project, by supporting the Operator, ExxonMobil, particularly in the management of in-country issues.
3. Promoting an early decision on a third LNG train based on existing PNG LNG Project fields and nearby structures.
4. Accumulating gas resources outside existing PNG LNG Project fields, to support a standalone LNG project.
5. Ensuring Oil Search’s sustainability, with an enhanced focus on managing operating risks, promoting transparency and improved external reporting.
6. Actively evaluating international growth opportunities, recognising any transaction must compete for funds with PNG expansion opportunities.
7. Optimising Oil Search’s financial and capital structure through to and beyond first LNG.
8. Aligning the Company to deliver this strategic plan.