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

• Is incorporated in Papua New Guinea (PNG)
• Is PNG's largest oil and gas producer and operates all of PNG's producing oil and gas fields.
• As operator of these fields, in 2007 was responsible for generating 16% of PNG’s Gross Domestic Product and 22% of its export revenue
• Has a 34% interest (pre Government back-in) in the PNG LNG Project, operated by ExxonMobil.
• Has 2P reserves of 73.5 million barrels of oil equivalent and undeveloped gas and associated liquids resources of over 950 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 a major shareholder with a 17.6% interest in the Company
• Is one of PNG’s largest companies and tax payers.
• Has approximately 1,000 full-time staff and over 1,500 contractors located in PNG, Australia, Yemen and the United Arab Emirates 
• Has exploration concessions in Yemen, Libya, Iraq and Tunisia.