LICENCE INTERESTS Field/Project Oil Search Interest % Operator
PNG Petroleum Development Licences (PDL)
PDL 1 Hides 16.66 ExxonMobil
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 Oil Search
PDL 5 Moran 40.69 ExxonMobil
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 Oil Search
PDL 7 South Hides 40.69 ExxonMobil
PDL 8 Angore 40.69 ExxonMobil
PDL 9 Juha 24.42 ExxonMobil
APDL 11 Mananda 71.251 Oil Search
APDL 13 P’nyang 38.512 ExxonMobil
PNG LNG ProjectPNG LNG Project29ExxonMobil
PNG Pipeline Licences (PL)
PL 1 Hides 100 Oil Search
PL 2 Kutubu 60.05 Oil Search
PL 3 Gobe 17.78 Oil Search
PL 4 PNG LNG Project 29 ExxonMobil
PL 5 PNG LNG Project 29 ExxonMobil
PL 6 PNG LNG Project 29 ExxonMobil
PL 7 PNG LNG Project 29 ExxonMobil
PL 8 PNG LNG Project 29 ExxonMobil
PNG Petroleum Processing Facility Licence  
PPFL 2 PNG LNG Project 29 ExxonMobil
PNG Petroleum Retention Licences (PRL)
PRL 8 Kimu 60.71 Oil Search
PRL 9 Barikewa 45.11 Oil Search
PRL 10 Uramu 100 Oil Search
PRL 14 Cobra, Iehi 62.56 Oil Search
PRL 15 Elk/Antelope 22.835 Total
APRL 41 Flinders / Hagana 100 Oil Search
PNG Petroleum Prospecting Licences (PPL)
PPL 339   35.003 Oil Search
PPL 374   40 ExxonMobil
PPL 375   40 ExxonMobil
PPL 385   100 Oil Search
PPL 395   50.004 Oil Search
PPL 402   50.005 Oil Search
PPL 464   50.004 ExxonMobil
PPL 487   50.004 ExxonMobil
PPL 504   100 Oil Search
PPL 507   50.004 Exxon Mobil
PPL 545   40 Oil Search
PPL 548   100 Oil Search
PPL 595   100 Oil Search
PNG Farm-in Agreements
PPL 474   30.006 ExxonMobil
PPL 475   30.006 ExxonMobil
PPL 476   30.006 ExxonMobil
PPL 477   30.006 ExxonMobil
PRL 39   30.006 ExxonMobil
Alaska, United States of America
Pikka Unit   25.57 Oil Search
Horsehoe   37.57 Oil Search
Exploration   25.57 Oil Search
Hue Shale   37.57 Oil Search

(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) Kina’s proposed transfer to Santos of a 20% interest remains subject to coventurer and regulatory approval.
(4) In October 2017, Oil Search entered into an agreement with ExxonMobil and Santos under which Santos will potentially acquire a 20% interest in 20% interest in PPL 402 (being a 12.5% interest from Oil Search and a 7.5% interest from ExxonMobil).
(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).
(6) Subject to due diligence, execution of binding agreements, conditions precedent and regulatory approvals.
(7) Includes US Government and State of Alaska leases. Oil Search has an option to increase its interest by acquiring the balance of Armstrong’s interests in each asset.