OIL SEARCH LIMITED 1 Oil Search Profile Established in Papua New Guinea (PNG) in 1929 Market capitalisation US11bn 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 Gas Flare at LNG Plant 9 Land access for entire onshore pipeline complete Onshore Pipeline Offshore Pipeline Work…
Oil fields are now supplying commissioning gas to LNG plant Kutubu Kumul Major milestone achieved in September when commissioning gas from Kutubu was introduced into LNG plant Gas will be used to commission plant site…
Drilling at Hides progressing with two rigs operating Drilling rig 703 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…
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…
Proposed sale of PRL 15 PPL339 InterOil (IOC) seeking to bring experienced LNG operator into PPL277 PRL15, which contains Elk and Antelope gas fields, located in PNG 338 339 Gulf Province Triceratops 7S 338 339 Sale process…
Onshore Gulf of Papua: seismic being acquired 2D Seismic 2013 Lines PPL339 Seismic programme in PPL 338 underway as part of Oil Search farm- PPL277 in option, covering potential extension of Triceratops discovery 338 338…
Upside on the Mananda Ridge Mananda 6, Digimu test, June 2013 up to 1,750bopd Mananda 6 SE Mananda Mananda 5 4km M 3X M 5 M6 M 4X SEM 2X SEM 1X Schematic cross-section NW SE along Mananda 5 and 6 discoveries and…
Taza oil discovery: moving to appraisal Kor Mor SW Taza 1 NE Jambur Taza Taza 2 Proposed Taza 5 Proposed Taza 4 Proposed Taza 1ST2 Taza 3 Proposed SE Jambur Lead Jeribe/Dhiban Euphrates/Kirkuk Pulkhana 2km…
Steadily adding value PNG LNG revenues getting closer: Continuing preparations for LNG start-up and new opportunities and responsibilities post LNG Progressive augmentation of management team, operational systems and facilities life…
In first full year, PNG LNG will add 19 mmboe net to OSH production Net Production (mmboe) 30 Mananda High Case(1) Mananda Base Case 25 Taza EWT PNG LNG (T1+T2) Hides GTE 20 SE Mananda(2) Gobe(2) Moran(2) Kutubu(2) 15 10 8.12…
Appendix 2: Financial position Cash (USm) Strong balance sheet, able to fund remaining 1289 1265 equity share of PNG LNG Project and active 1047 exploration and development programme: US318 million in cash at end September 536 488…
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