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)   100.00  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 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
APRL 41 Flinders / Hagana 100.003  Oil Search
PNG Petroleum Prospecting Licences (PPL)
PPL 339   35.004 Oil Search
PPL 374   40.00  ExxonMobil
PPL 375   40.00  ExxonMobil
PPL 385   100.00  Oil Search
PPL 395   50.005 Oil Search
PPL 402   37.50 Oil Search
PPL 487   50.005 ExxonMobil
PPL 504   100.00  Oil Search
PPL 507   50.005 Exxon Mobil
PPL 545   40.00  Oil Search
PPL 548   100.00  Oil Search
PPL 595   100.00  Oil Search
PNG Farm-in Agreements
PPL 474   25.006 ExxonMobil
PPL 475   25.006 ExxonMobil
PPL 476   25.006 ExxonMobil
PPL 39    25.006 ExxonMobil
PRL 569    50.076 ExxonMobil
Alaska, United States of America
Pikka Unit   25.508 Oil Search
Horsehoe Area   37.509 Oil Search
Grizzly Area   51.00 Oil Search
Exploration Area   25.5010 Oil Search
Hue Shale Area   37.5011 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) APRL 41 is a topfile application over part of PPL 244 and remains 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) In October 2017, Oil Search entered into an agreement with ExxonMobil and Santos under which Santos will potentially acquire a 20% interest in PPLs 395, 487 and 507 (being a 12.5% interest from Oil Search and a 7.5% interest from ExxonMobil).
(6) Remains subject to regulatory approvals.
(7) Includes US Government and State of Alaska leases. Oil Search has an option to increase its interest by acquiring additional interest in each lease from Armstrong Energy, LLC and GMT Exploration Company, LLC.
(8) Certain Pikka Unit area leases outside the Pikka Unit were acquired in the 2018 lease sale and are awaiting Government award. Oil Search’s ultimate ownership interest will be as follows: ADLs 393743, 393744, 393745, 393746: 51%; ADL 393882 (acquired by Repsol E&P USA Inc.): 33.34%. Oil Search will operate all acquired leases.
(9) Certain Horseshoe Area lease interests pending Government approval have different Oil Search ownership interests as follows: ADL 392345 and ADL 392346: 75%. Oil Search will operate all acquired leases.
(10) Certain Exploration Area leases were acquired by Repsol E&P USA Inc. in the 2018 lease sale and are awaiting Government award. Oil Search’s ultimate ownership interest will be as follows: ADLs 393782, 393783, 393873, 393874, 393875, 393876, 393877, 393878, 393879, 393880, 393881: 50.5%. Oil Search will operate all acquired leases.
(11) Certain Hue Shale Area leases were acquired by Lagniappe Alaska, LLC, an Affiliate of Armstrong Oil and Gas, LLC in the 2018 lease sale and are awaiting Government award. Oil Search’s ultimate ownership interest will 50% in all Lagniappe Alaska, LLC leases. Oil Search will operate all acquired leases.