Oil Search aspires to excellence in socially responsible oil and gas exploration and production. Our unwavering commitment to making a significant sustainable development contribution, especially in PNG, will play a major role in achieving this vision. Being a successful development partner is an important part of our social licence and is integrated into our corporate strategy.
The Company’s 2020 Social Responsibility Strategy places an even greater emphasis on the strategic importance of sustainable development. One of the Strategy’s two goals is to make PNG lives better by undertaking sustainable development activities that set the industry standard. Two major objectives are linked to this goal: having a meaningful sustainable impact beyond the lives of our projects, and extending our reach through partnerships with government and other local stakeholders.
Both objectives will be addressed in our PNG Sustainable Development Strategy, which is under development. The Strategy will provide a concise framework for our sustainable development approach. It will confirm our priority areas and provide clearly defined outcomes, related initiatives, and a monitoring and evaluation framework.
We are using two measures of success for our sustainable development activities. These are: seeing a measurable improvement in sustainable development indicators for the identified priority areas, and for Oil Search to be publicly recognised as a private sector leader in PNG sustainable development.
This approach continues our long history of delivering sustainable development outcomes in PNG in the key areas of health, education and leadership, livelihoods and local enterprise development, women’s protection and empowerment, and access to power. Every year, the Oil Search Foundation, our Community Affairs team, Medical and Occupational Health Service, infrastructure building teams and Oil Search Power Holdings Ltd make a significant difference to PNG communities.
The Executive General Manager Stakeholder Engagement and Social Responsibility oversees our sustainable development approach and is a member of the Oil Search Foundation Board and the Oil Search Board HSS Committee.
Regular updates on our sustainable development activities are provided to the Board HSS Committee.
The Company is the founder of, and principal donor to, the Oil Search Foundation, which plays a significant role in our ability to deliver community health services. Its structure and unique capabilities make it an important and visible aspect of our sustainable development approach in PNG. As well as health services, the Foundation contributes towards our leadership and education, and women’s empowerment and protection priorities.
We continue to pursue opportunities to strengthen impact measurement and reporting across all our sustainable development programmes. Understanding the social impacts of our operations and sustainable development projects is challenging, but it’s essential for ensuring the activities are appropriately targeted, planned and managed and that their connection with our business is understood. The Foundation has a detailed performance framework in place and sustainable development investment and output data and statistics are available from the Data Centre.