License interests as at 23 February 2021

LICENCE INTERESTS
Field/Project Oil Search Interest %Operator
PNG Petroleum Development Licences (PDL)A
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 10.00  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)   100.00  Oil Search
PDL 7 South Hides 40.69 ExxonMobil
PDL 8 Angore 40.69 ExxonMobil
PDL 9 Juha 24.42 ExxonMobil
APDL 13 P’nyang 38.511 ExxonMobil
PNG LNG ProjectPNG LNG Project29.00ExxonMobil
PNG Pipeline Licences (PL)
PL 1 Hides 100.00  Oil Search
PL 2 Kutubu 60.05 Oil Search
PL 3 Gobe 16.17 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)B
PRL 14 Cobra, Iehi 62.56 Oil Search
PRL 15 Elk/Antelope 22.835 Total
PRL 39Triceratops25.00ExxonMobil
PRL 41 Flinders / Hagana 100.002  Oil Search
PNG Petroleum Prospecting Licences (PPL)C
PPL 339  35.003 Oil Search
PPL 374   40.00  ExxonMobil
PPL 375   40.00  ExxonMobil
PPL 402   37.50 Oil Search
PPL 474 25.00ExxonMobil
PPL 475 25.00ExxonMobil
PPL 476 25.00ExxonMobil
PPL 487  37.50 ExxonMobil
PPL 507   37.50 Exxon Mobil
PPL 545   40.00  Oil Search
PPL 608 100.00Oil Search
Alaska, United States of America4
Quokka  38.76 Oil Search
Kooka 51.00 Oil Search
Thetis 51.00 Oil Search
Pikka Unit 51.00 Oil Search
Horseshoe Area 51.00 Oil Search
Lagniappe A 75.00Oil Search
Lagniappe B5 50.00Oil Search
Lagniappe C6 50.00Lagniappe Alaska
Nanushuk West A7 36.00North Slope Energy
Nanushuk West B8 50.00North Slope Exploration

Notes

1. The PDL application submitted by the PRL 3 joint venture in respect of the P’nyang field in December 2015 remains pending Ministerial grant.
2. PRL granted in February 2020.
3. During 2020 regulatory approval of Kina’s proposed transfer to Santos of a 17.11% interest was obtained by Santos. The transfer by Kina to Santos of a second tranche of a 2.89%
interest remains subject to satisfaction of conditions including regulatory approval.
4. Includes US Government and State of Alaska leases.
5. In 2020, Oil Search assigned a 50% ownership in certain of these leases to Lagniappe Alaska LLC, an Affiliate of Armstrong Oil and Gas, LLC. Transfer is pending government
approval; once approved, transfer is expected to be effective as of 1 December 2020.
6. In 2020, Lagniappe Alaska LLC, an Affiliate of Armstrong Oil and Gas, LLC. assigned a 50% ownership in certain of these leases to Oil Search.
7. In 2020, Oil Search acquired a 36% ownership interest in leases acquired by North Slope Energy, LLC, an Affiliate of Armstrong Oil and Gas, LLC
8. In 2020, Oil Search acquired a 50% ownership interest in leases acquired by North Slope Exploration LLC, an Affiliate of Armstrong Oil and Gas, LLC, acquired in the 2019
NPR-A Oil and Gas Lease Sale.

A. In September 2020 the PDL application for Mananda (APDL 11) was withdrawn.
B. In October 2020 the following PRLs expired: PRL 8, PRL 9 and PRL 10.
C. During 2020 Ministerial consent to the surrender of PPL 395, PPL 548, PPL 569, PPL 504 and PPL 595 was granted.
Application to surrender PPL 507 was lodged with the regulator and remains pending Ministerial consent.