OIL SEARCH LIMITED 1 Changing Face of Oil Search PNG LNG Project over 85% complete (end April), material 20+ year cash flow stream approaching LNG expansion opportunities being matured, with new resources available New gas play…
Core Strategies Have Delivered Steady Share Price Appreciation More to Come Share price (A) PNG LNG FID 8 Acquisition of Chevron Manage transition to PNG LNG Project Texacos PNG assets Assume Operatorship 7 Merger of Oil Search…
Key Oil and Gas Fields, PNG Madang PPL260 Angore 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 PDL5…
PNG LNG Plant Site Preparations underway for receipt of commissioning gas LNG Facility PNG LNG Trains 1&2 Storage tank Jetty 7 PNG LNG Offshore and Onshore Pipelines Offshore pipelay Offshore pipeline completed and…
Associated Gas/PL 2 Life Extension Associated Gas (oil fields) readying for supply of commissioning gas in 2013 Kutubu Kumul TEG Dehydration Unit commissioning at CPF Kumul Marine Terminal New CALM Buoy at Kumul 9…
PNG LNG Project - Drilling 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 Two new build rigs (Rigs 702 and…
Gas Growth - PNG Highlands PPL260 PNG LNG Project Gas Resources Comprehensive exploration PRL3 Hides Non PNG LNG Gas and appraisal in PNG Juha North Resources Highlands, to fully understand Wabag 260 Pnyang Juha PDL9…
InterOil ExxonMobil Proposed Development of PRL 15 PPL339 InterOil and JV partner, Pacific LNG Group, have entered exclusive negotiations with ExxonMobil on PPL277 development of PRL 15 338 339 PRL 15 comprises Elk and Antelope…
Offshore Gulf Forward Programme Flinders result will be used to recalibrate seismic data and update Gulf prospect portfolio, with over 30 opportunities identified across multiple play types Hagana Second well, Hagana 1 in PPL 244,…
Adding Value to PNGs Oil Fields Since Oil Search assumed operatorship of all PNGs producing oil fields in 2003: Reserves increased by 100 million barrels to 550 million barrels (+22%) Kutubu previously expected to shut down by…
Mananda 6 Oil Discovery PPL 219, PNG Mananda 6 appraisal well, located 10km from SE Mananda in PPL 219 (OSH 71.25%, JX Nippon 28.75%) discovered gross oil column of 18 metres in Toro A and 40 metres in Imburu A and Digimu sandstones…
Taza 1 Oil Discovery, Taza PSC, Kurdistan Oil discovered in Taza 1 well (OSH 60%, Total 20%, KRG 20% back-in), with continuous shows over 250 metre section, covering three reservoir intervals Jeribe, Dhiban and Euphrates Test of 150…
Outlook Progressive delivery of PNG LNG, in line with schedule and revised budget. Value steadily increases as cashflows get nearer Progress on LNG expansion plans, underpinned by Pnyang resource, augmented by other Highlands gas…
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