License interests as at 12 February 2020

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 10.00  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 111 Mananda 71.25 Oil Search
APDL 132 P’nyang 38.51 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 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
PRL 15 Elk/Antelope 22.835 Total
PRL 39Triceratops25.00ExxonMobil
APRL 413 Flinders / Hagana 100.00  Oil Search
PNG Petroleum Prospecting Licences (PPL)
PPL 3394  35.00 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 504   100.00  Oil Search
PPL 507   37.50 Exxon Mobil
PPL 545   40.00  Oil Search
PPL 548   100.00  Oil Search
PPL 569 50.00ExxonMobil
PPL 595   100.00  Oil Search
APPL 6085 100.00Oil Search
Alaska, United States of America6
Antigua7,8  38.76 Oil Search
Atlas A7,8 38.76 Oil Search
Atlas B7,8  38.76 Oil Search
Harrison Bay7,8  38.76 Oil Search
Kachemach7,8  38.76 Oil Search
Thetis7 51.00Oil Search
Pikka Unit7 51.00Oil Search
Horseshoe Area7,8 51.00Oil Search
Grizzly Area 51.00Oil Search
Hue Shale Area7 75.00Oil Search
East of Hue Area9 50.00Oil Search

Notes

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. APRL 41 is a topfile application over part of PPL 244. The offer of the licence has been accepted and the licence is pending Ministerial grant.
4. Kina’s proposed transfer to Santos of a 20% interest in two separate tranches (a first tranche of 17.11% and a second tranche of 2.89%) remains subject to satisfaction of conditions including regulatory approval.
5. The offer of the Licence has been accepted and the licence is pending Ministerial grant.
6. Includes US Government and State of Alaska leases.
7. In 2019, Oil Search exercised its option to acquire additional interest in each lease from Armstrong Energy, LLC and GMT Exploration Company, LLC.
8. In 2019, Oil Search and Repsol E&P USA Inc. entered into an agreement to align interests at 51% Oil Search ownership interest and 49% Repsol ownership interest across their common leasehold.
9. In 2019, Oil Search acquired a 50% ownership interest in leases acquired by Lagniappe, Alaska, LLC, an Affiliate of Armstrong Oil and Gas, LLC in the 2018 lease sale.