Oil Search operates all PNG’s producing oil fields and hold a 29 per cent interest in the ExxonMobil-operated PNG LNG Project – a world class LNG project exporting to major markets in Asia. Additionally, we hold interests in the Elk-Antelope and P’nyang gas fields which are expected to underpin the proposed construction of three additional LNG trains.
We are undertaking a range of exploration and appraisal activities to support further LNG expansion in PNG. Our joint venture partners are among the strongest and most successful oil and gas operators in the world. The combination of in-country expertise, our partners’ technical and project management skills and PNG’s world class assets, places us in an excellent position to continue developing additional LNG trains and grow PNG’s presence in the global LNG market.
We recently acquired top quartile oil interests in the Alaska North Slope (USA)– a prolific, well-established oil province. As well as one of the largest conventional, onshore oil fields discovered in the US in last few decades, the Alaskan portfolio contains many exciting exploration and appraisal opportunities with material resource upside.