Oil Search Limited


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Q3 2019 Oil Search Ltd Activities Report

Latest Developments


Oil Search Says Keiran Wulff To Succeed Peter Botten As Managing Director

Oil Search Aims To Sell Down About 15% Stake In Alaska Holdings By Mid-2020

Oil Search Sees FY 2019 Production Being Progressively Restored


About Oil Search Limited

Oil Search Limited is an oil and gas exploration and production company. The Company is engaged in the exploration for oil and gas fields and the development and production of such fields. The Company's segments include PNG Business Unit (PNG BU), Exploration and Other. The PNG BU segment is engaged in the development, production and sale of liquefied natural gas (LNG), crude oil, natural gas, condensate, naphtha, other refined products and electricity from the Company's interest in its operated assets for Papua New Guinea crude oil and Hides gas-to-electricity operations and from the Company's interest in the PNG LNG Project. The Exploration segment is engaged in the exploration and evaluation of crude oil and gas in Papua New Guinea. The Other segment includes the Company's ownership of drilling rigs, investment and development towards the Company's power strategy and corporate activities. The PNG LNG Project is a 6.9-million tons per annum (MTPA) integrated LNG project.


Oil & Gas Operations

Contact Info

PO Box 842


Executive Leadership

Richard John Lee

Non-Executive Independent Chairman of the Board

Stephen W. Gardiner

Chief Financial Officer

Michael Drew

Executive Vice President, General Counsel, Group Secretary

Bart Lismont

Executive Vice President - Technology and Value Assurance

Dale Rollins

Executive Vice President - PNG Business Unit

Key Stats

2.43 mean rating - 14 analysts
Revenue (MM, USD)
















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Latest News

Latest News

UPDATE 2-Oil Search to lose veteran boss in 2020 amid big growth push

* Oil Search shares fall 1.9% (Adds incoming CEO, analyst comments)

Oil Search woes in Papua New Guinea throw spotlight on Alaska

With a giant gas project expansion in the tropical highlands of remote Papua New Guinea bogged down by politics, the country's biggest company, Oil Search <OSH.AX>, is turning for growth to the other side of the world in Alaska's frozen wilderness.

UPDATE 1-Trump oil official departs for Papua New Guinea firm expanding in Alaska

A former Trump administration official who oversaw oil and gas drilling on federal lands resigned last week to work for Papua New Guinea-based Oil Search Ltd, which is expanding its Alaska operations.

Trump oil official departs for Papua New Guinea firm expanding in Alaska -report

A former Trump administration official who oversaw oil and gas drilling on federal lands resigned last week to work for Papua New Guinea-based Oil Search Ltd, which is expanding its Alaska operations, the Washington Post reported on Wednesday.

UPDATE 3-Papua New Guinea sticks to gas deal with Total for $13 bln project

* Oil Search shares rise 2% in flat market (Adds Oil Search comment on economy)

UPDATE 1-Oil Search says loading liquids at Gulf of Papua at reduced rate

Australia-listed Oil Search said on Wednesday it is loading liquids at its facilities in the Gulf of Papua at a reduced rate after temporarily suspending loading last week due to damage to a mooring system.

Oil Search on tenterhooks over Total's Papua New Guinea gas deal

Oil Search <OSH.AX> warned on Tuesday that costs for a $13 billion plan to double gas exports from Papua New Guinea could rise if talks on a gas agreement between the government and Total SA <TOTF.PA> drag on beyond next week.

Australia's Oil Search says spot LNG prices have no impact on PNG LNG contract arbitration

Australia's Oil Search Ltd said on Tuesday that current weak spot liquefied natural gas (LNG) prices would have no impact on any arbitration over a long-term contract between Japan's Osaka Gas and the Papua New Guinea PNG LNG project, operated by Exxon Mobil Corp.

Australia's Oil Search reports two-fold rise in half-year profit

Aug 20 - Australia's Oil Search on Tuesday said its half-year profit more than doubled, boosted by robust output at its key Papua New Guinea liquefied natural gas (LNG) project.

Australia's Oil Search says encouraged by PNG 'in principle' support for Papua LNG deal

Australia's Oil Search said on Monday it was encouraged by a signal from Papua New Guinea's new government that it would back a major gas agreement, even though the government still wanted to renegotiate some terms.

At Oil Search party, PNG prime minister seeks bigger slice of cake

Papua New Guinea's new prime minister used Oil Search Ltd's <OSH.AX> 90th birthday to press the country's biggest company and its oil major partners to pay more tax to the impoverished Pacific island nation.

Australia's Oil Search increases stake in Alaskan assets

Australia's Oil Search Ltd on Friday exercised its option to double its stake in several Alaskan assets for $450 million.

Oil Search CEO says new PNG leader unlikely to demand big concessions on gas deals

* Comments follow PNG PM vowing to raise revenue from resources

UPDATE 1-Oil Search Q1 revenue falls on previous qtr as soft oil, gas prices hurt

Australia's Oil Search said on Tuesday its first-quarter revenue fell 21 percent from the preceding quarter, due mainly to the timing of liquefied natural gas (LNG) shipments and weaker oil and gas prices.

CORRECTED-UPDATE 1-Oil Search, Total, Exxon sign long-awaited gas deal with PNG

* Deal allows initial work to kick off on project -Oil Search

Oil Search, Total, Exxon sign deal with Papua New Guinea on LNG project

Australia's Oil Search, France's Total SA and Exxon Mobil have signed an agreement with Papua New Guinea for the Papua LNG Project, Oil Search said on Tuesday, enabling initial work to begin on the development.

Australia's Oil Search banks on 2020 sign-off for major expansion

Australia's Oil Search is confident its partners ExxonMobil Corp and Total SA will be ready to sign off on two big projects in 2020 that together will double liquefied natural gas (LNG) exports from Papua New Guinea.

Oil, metal woes hurt Australian shares; NZ also down

* NZ benchmark on track for second straight session of losses (Updates to close)

UPDATE 1-Oil Search's 3rd quarter revenue jumps as PNG production picks up

Oil Search Ltd said on Tuesday its third-quarter revenue nearly doubled over the previous quarter as higher oil prices and an uptick in production offset the impact of an earthquake in Papua New Guinea earlier in the year.

Oil Search's 3rd qtr revenue surges 81 pct as PNG output picks up

Oil Search Ltd, the largest oil and gas exploration company in Papua New Guinea, said on Tuesday its third-quarter revenue soared over the previous quarter as production recovered after an earthquake earlier in the year.

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