OIL SEARCH LIMITED 1 Oil Search Profile Established in Papua New Guinea (PNG) in 1929 Market capitalisation US10.5bn Listed on ASX (Share Code OSH) and POMSOX, plus ADR programme (Share Code OISHY) Tunis Sulaymaniyah…
The Next Transformation PNG LNG being delivered progressively and predictably four fold increase in production with similar impact on cash flows Focus on LNG expansion: OSH a major resource and infrastructure owner Optimal…
Key Oil and Gas Fields, PNG Madang Juha PPL260 Angore North Pnyang PRL3 Porgora Wabag Gold Mine Juha 260 Hides PDL8 Proposed Juha PDL9 PRL11 Facility PDL1 Mt. Hagen PPL277 Moran 6S Kundiawa PRL02 PDL6 Goroka Kiunga PDL7 233…
PNG LNG Project Overview 6.9 MTPA, 2 train development, operated by ExxonMobil Expected to produce more than 9 tcf of gas and 200+ million barrels of associated liquids over its 30 year life Initial Equities: ExxonMobil (33.2%), Oil…
Commissioning of key equipment at LNG plant site underway PNG LNG Plant LNG Facility 9 More than 600km of 700km of pipeline complete Onshore Pipeline Offshore Pipeline Pipeline Installation 10
Oil fields have commenced supplying commissioning gas Kutubu Kumul TEG Dehydration Unit at CPF 11 With Komo operational, Hides Plant is making solid progress Komo Airfield HGCP Hides Gas Conditioning Plant (HGCP)…
Drilling at Hides underway with two rigs Hides GTE Plant PDL 1/7 Hides Field 8 New Production Wells Hides Nogoli Camp PDL 8 Angore Field 2 New Wells Hides Gas Conditioning Plant 10km Komo Airfield Rig 702 has…
Potential expansion of PNG LNG using Highlands gas PPL260 PNG LNG Project Gas Resources With PNG LNG construction PRL3 Hides Non PNG LNG Gas approaching completion, Juha North Resources focus is moving to potential Wabag…
Gas discoveries in Gulf of Papua Gas discovered at both Flinders and Hagana wells in PPL 244 Good quality sand discovered at 8S Kidukidu in PPL 385 but water Kumul Terminal wet PPL234 Drill results prove Plio- Pleistocene…
Mananda development, PNG Highlands PPL219 PDL1 PPL277 Successful Mananda 6 appraisal well in 2Q13 extended Mananda 5 discovery 8km SE Mananda 5 PDL6 PDL5 Mananda 6 Moran Application for development licence submitted to DPE in…
Oil discovery at Taza, Kurdistan: moving to appraisal Light oil proven in three reservoir intervals in Taza 1. Initial analysis confirms pre-drill Taq Taq estimates of 250-500 mmbbl of recoverable oil Field in these intervals…
New era of stability in PNG Significant economic growth continues in PNG PNG Government has made positive progress on key issues: Sovereign wealth fund Benefits distribution Transparency (adoption of EITI) Independent anti-corruption…
Base PNG production outlook (ex-PNG LNG) Net Production (mmboe) 2013 production guidance range 10 8.12 7.66 remains 6.2 6.7 mmboe 8 6.69 6.38 6.2- 6.7 Production out to first LNG in 2014 6 expected to remain broadly flat, 4…
Summary Transformation to an LNG producer continues, with PNG LNG nearing completion, sales to commence in 2014 Series of potential expansion opportunities being matured, with focus on resource build and optimal development Appraisal and…
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