OIL SEARCH LIMITED Citis 4th Australian Investment Conference 24 October 2012 1 Oil Search Profile Established in Papua New Guinea (PNG) in 1929 Market capitalisation US10 billion Listed on ASX (Share Code OSH) and…
Key Oil and Gas Fields, PNG Madang PPL260 Angore Pnyang PRL3 Porgora Wabag Gold Mine Juha 260 Hides Tagari PDL8 Proposed Juha PDL9 PRL11 Facility PDL1 Mt. Hagan Moran PPL277 6S Kundiawa PRL02 PDL6 Goroka Kiunga PDL7 233…
Strategy Delivery Underway Delivery of initiatives from 2010/11 Strategic Review on track: PNG LNG Project in full construction, on track for 2014 LNG sales Resource definition for LNG growth making good progress: Pnyang South…
PNG LNG Project Overview Wabag Juha Hides Angore Juha Facility Mt. Hagan 6S Hides Gas Conditioning Plant Kundiawa Goroka Komo Airfield Mendi Moran Agogo Kutubu CPF Kutubu Lae Gobe PF 7S Gobe Main Kopi Wharf Onshore…
PNG LNG Project Overview Main EPC contractors: LNG Plant: Chiyoda/JGC Offshore Pipeline Saipem Hides Gas Plant CBI/Clough JV Onshore Pipeline Spiecapag Infrastructure McConnell Dowell/CCC JV Early Works Clough/Curtain JV…
Focus Areas for 2012/13 Komo and HGCP work-front productivity post recent bad weather/flooding Continued progress on onshore pipeline through challenging terrain and social environment Development drilling at Hides AG: Complete…
Timetable Continue onshore Continued early works pipe lay Detailed design Complete offshore Order long leads and pipe lay place purchase orders Start Hides plant Open supply routes installation Contractor mobilisation First Gas…
PNG LNG Komo Airfield 21 Growing PNG Gas Business: Key Strategic Priority PPL260 PRL3 Juha North Hides Angore Wabag PNG LNG Project Gas Resources Pursuing two- Juha 260 PDL9 PDL8 Tagari Non PNG LNG pronged LNG…
Pnyang South Pnyang South 1 and ST1 discovered 380 metre gas zone in southern fault block in PRL 3, with additional up-dip potential to 650 metres Result materially increases total estimated 2C gas resources in Pnyang field Potential…
Gulf of Papua Expansion Opportunity OSH holds equity positions in nine licences (recent offer of 100km PPL 385) in PNG Gulf area Elk/Antelope Significant resource potential 2D Seismic identified in proven 2011 Lines hydrocarbon (gas…
Oil Appraisal - Mananda 6 90 km 2D seismic programme over Mananda 5 discovery completed in 2Q12 Interpretation of seismic has confirmed structure Appraisal well, Mananda 6, planned for 1Q13 PPL 219: Oil Search 71.25%, JX Holdings…
Kurdistan: Taza-1 Taza-1 well spudded early July Oil and gas shows encountered, expected to drill into primary objective and reach its target depth by end October Large structure, simple 4-way dip closure, with potential for 250-500…
Tunisia: Tajerouine Permit Semda-1 Location Semda Semda-1 exploration well to spud late 2012 Targeting proven oil plays and new deep gas play Potential for 150 mmbbls oil and 400 bcf gas Excellent PSC terms Additional…
2012/13 Development & Near- Field Appraisal Drilling Activity PPL260 PRL PDL9 02 Hides PDL1 PRL Angore PPL277 11 Juha PDL PDL8 PRL 7 11 6S PDL6 PDL5 PDL7 PPL233 Moran: PPL219 PPL233 2012 : 1 well Mananda 5 2013 : 1 well,…
Treasury Update US573 million in cash at end September. Cash invested and actively managed with highly rated bank counterparties Refinancing of existing corporate facility concluded with bank syndicate, awaiting Bank of PNG approvals.…
PNG LNG Transforms Production Outlook Net Production (mmboe) 25 MENA Hides GTE SE Mananda 20 SE Gobe Gobe Main Moran Kutubu 15 PNG LNG T1/2 start-up 10 8.60 8.12 7.66 6.69 6.2-6.7 5 0 2008 2009 2010 2011 2012…
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