Oil Search - Profile Established in PNG in 1929 Operates all of PNGs producing oil and gas fields In 2005, generated approx 22% of PNGs export revenue and 10% of its GDP. Largest investor and taxpayer. PNG Government is 18%…
Oil Search Where We Operate 3
Oil Search in PNG 6 producing oil fields (Kutubu, Moran, NW Moran, Gobe Main, SE Gobe & SE Mananda) 1 producing gas field (Hides) Major gas development opportunities Extensive exploration acreage 4
Oil Search in Yemen 1 producing oil field (Nabrajah, Block 43) 7 concession areas (5 as Operator) Farm-in opportunities 7
Oil Search in Egypt East Ras Qattara Area A - comprises 4 development leases (5 small oil fields) and two exploration leases Umm El Yusr Area A Exploration Kareem, Yusr, Kheir & Shukheir Development Also: Wadi Dara…
Core Expertise Developing country specialist Ability to work co-operatively with host governments and local communities Culturally sensitive and diverse Experienced in operating in challenging environments Low cost, innovative,…
Achievements Net Production Growth 40,000 Kutubu Moran Gobe Main SE Gobe Hides Nabrajah SEM 35,000 +10% Post AGL +6% sale 30,000 +25% 25,000 +23% stb/d 20,000 15,000 10,000 5,000 0 2000 2001 2002 2003 2004 2005 1H…
Achievements Growth in Net Profit After Tax 240 20 17.9 220 Net Profit 18 200 EPS 16 180 14 160 12 US cents 140 USm 9.6 120 10 100 7.7 8 80 4.5 6 60 4 40 1.8 20 2 0 0 2001 2002 2003 2004 2005 1H 2006…
Strong Balance Sheet US537 million in cash at end 600 June, no debt. Cash Debt Gearing Cash position at 30 Sept % US487.8m, US36.6 m lower 500 than June, due to impact of 40 minimal liftings in August, one cargo lifted but…
Capital Outlook Exploration expenditure for FY 2006 is expected to be approximately US90m plus gas expenditure around US40m Development and Production capital expenditure is projected to total approximately US150m 2007 expenditure…
Factors Affecting FY2006 Result Production guidance for 2006 full year confirmed at 10.5 10.8mmboe, lower than 2005 (12.2 mmboe) due to AGL asset sale (-2.9 mmbbl) and unplanned downtime (-0.9 mmbbl) Lower production will be…
Growth - The Next Phase Strategic Review in 2002 Five year plan to double company value and to generate top quartile returns Delivered : operating control of core business : significant production increase : operating cost…
Growth - The Next Phase New Strategic Review underway Starting from a position of strength Excellent asset base, with large discovered gas resource and quality exploration portfolio Capture of latent value potential can deliver…
Growth - The Next Phase Control of the main value drivers and operational levers: Strong alignment in oil developments Growth being targeted through production optimisation and increased exploration Partner alignment essential for…
Growth - The Next Phase Focus for Growth Deliver Value Substantial remaining potential in PNG oil fields Further development in Yemen Target improved efficiency to control costs and increase profitability Extract Value…
HIV - AIDS Significant issue in PNG with reported epidemic levels First case detected in Papua New Guinea in 1987, currently 100 new cases are reported each day 20,000 60,000 Papua New Guineans are estimated to be living with HIV…
Health and Wellbeing Programme OSH recognises the importance of its workforce. To optimise the physical and psychological wellbeing of our people, an holistic lifestyle programme provides people with the support and information they…
Environment Our continuing goal is to plan and manage our activities so that there is minimum impact on the environment in which we operate in. Achieved through; Environmental policy Management systems aligned with ISO 14001 &…
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