|LICENCE+||FIELD/PROJECT||OIL SEARCH INTEREST %||OPERATOR|
PNG Petroleum Development Licences (PDL)
|PDL 2||Kutubu, Moran||60.05||Oil Search|
|PDL 2 - SE Mananda JV||SE Mananda||72.27||Oil Search|
|PDL 3||SE Gobe||36.36||Santos|
|PDL 4||Gobe Main, SE Gobe||10.00||Oil Search|
|PDL 6||Moran||71.07||Oil Search|
|SE Gobe Unit (PDL 3/PDL 4)||22.34||Oil Search|
|Moran Unit (PDL 2/PDL 5/PDL 6)||49.51||Oil Search|
|Hides Gas to Electricity Project (PDL 1)||100.00||Oil Search|
|PDL 7||South Hides||40.69||ExxonMobil|
|APDL 11||Mananda||71.251||Oil Search|
|PNG LNG Project||PNG LNG Project||29.00||ExxonMobil|
PNG Pipeline Licences (PL)
|PL 1||Hides||100.00||Oil Search|
|PL 2||Kutubu||60.05||Oil Search|
|PL 3||Gobe||17.78||Oil Search|
|PL 4||PNG LNG Project||29.00||ExxonMobil|
|PL 5||PNG LNG Project||29.00||ExxonMobil|
|PL 6||PNG LNG Project||29.00||ExxonMobil|
|PL 7||PNG LNG Project||29.00||ExxonMobil|
|PL 8||PNG LNG Project||29.00||ExxonMobil|
PNG Petroleum Processing Facility Licence
|PPFL 2||PNG LNG Project||29.00||ExxonMobil|
PNG Petroleum Retention Licences (PRL) *
|PRL 8||Kimu||60.71||Oil Search|
|PRL 9||Barikewa||45.11||Oil Search|
|PRL 10||Uramu||100.00||Oil Search|
|PRL 14||Cobra, Iehi||62.56||Oil Search|
|APRL 41||Flinders/Hagana||100.00||Oil Search|
PNG Petroleum Prospecting Licences (PPL) **
|PPL 339||35.003||Oil Search|
|PPL 385||100.00||Oil Search|
|PPL 395||100.004||Oil Search|
|PPL 402||50.005||Oil Search|
|PPL 504||100.001||Oil Search|
|Block 7||34.008||Oil Search|
+As at March 1, 2017
1 Pending Ministerial grant.
2 The PDL application submitted by the PRL 3 joint venture in respect of the P’nyang field in December 2015 remains pending Ministerial grant.
3 Total’s farm-in to PPL 339 completed on 1 March 2017.
4 Oil Search’s sale to ExxonMobil of a 50% interest in PPL 395 remains subject to regulatory approval.
5 In December 2016, Oil Search entered into an agreement with ExxonMobil and Santos under which Santos will potentially acquire a 20% interest in PPL 402 (being a 12.5% interest from Oil Search and a 7.5% interest from ExxonMobil). After completion of the transaction, Oil Search will hold a 37.5% interest in the licence.
6 In August 2016, Oil Search entered into an agreement with CNOOC and ExxonMobil under which Oil Search will potentially acquire a 40% interest in PPL 374. Oil Search received notification of the regulatory approval of its acquisition in late February 2017.
7 In August 2016, Oil Search entered into an agreement with CNOOC and ExxonMobil under which Oil Search will potentially acquire a 40% interest in PPL 375. Oil Search received notification of the regulatory approval of its acquisition in late February 2017.
8 40% paying interest. Oil Search is yet to complete the sale to Petsec Energy Limited of all of the shares in the entity holding Oil Search’s interest in Block 7.
* A PRL application has been lodged over the Flinders and Hagana Gas Fields which are part of PPL 244. The application is pending Ministerial grant.
** Topfile applications for new PPLs were lodged over former PPLs 233, 234, 260, 277 and 294. In respect of the former PPL 234, a new PPL (PPL 504) has been offered to and accepted by Oil Search and is pending Ministerial grant. In respect of the former PPL 294, a new PPL (PPL 507) has been offered to and accepted by Oil Search and ExxonMobil and is pending Ministerial grant.