1 Oil Search Profile Established in Papua New Guinea (PNG) in 1929 Operates all of PNGs producing oil and gas fields. Current gross production 33,500 boepd, net share 18,500 boepd At December 2011, proven reserves were 330 mmboe,…
Key Oil and Gas Fields, PNG Madang PPL260 Angore Pnyang PRL3 Porgora Wabag Gold Mine Juha 260 Hides Proposed Juha PDL8 Trapia PDL9 PRL11 Facility PDL1 Mt. Hagan Moran PPL277 6S Kundiawa PRL02 PDL6 Goroka Kiunga PDL7 233…
Focus on Safety Total Recordable Injury Frequency Rate of 1.85 in 2011 Australian Companies TRI / 1,000,000 Hours (APPEA) International Companies (OGP) Oil Search 5 PNG LNG Project progressing well…
PNG LNG Project Hides Wabag Wells Juha Facility Mt. Hagan 6S Hides Gas Conditioning Plant Kundiawa Goroka Komo Airfield Mendi Kutubu CPF Lae Gobe PF 7S Kopi Wharf Onshore pipeline and Infrastructure Kerema…
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…
PNG LNG Plant Site Wabag Mt. Hagan 6S Kundiawa Goroka Mendi Lae 7S Storage tank LNG Export Jetty 8S Kerema Kumul Terminal LNG Facility 9S Daru LNG trains 1 & 2 Port Moresby 142E 143E 144E 145E…
Gas Maturation, PNG Highlands Highlands gas growth strategy: Convert existing probable and possible reserves in PNG LNG fields to proven contractable category New exploration activities Pnyang South Trapia exploration well Hides…
Trapia 1 Trapia exploration well recently spudded PRL 11: Oil Search 52.5%, ExxonMobil 47.5% Series of prospects in area with multi-tcf potential 150 km 2D seismic programme in 2012 to further mature prospects Recent acquisition of…
Further Reserves from Oil Fields Recent discoveries, PPL233 PDL6 PDL5 20km identification of Mananda 5 PPL219 PPL233 Moran potential new areas SE Mananda of reserves and Kutubu success in gas Agogo conservation ahead PDL2 PPL277 of…
Results of Offshore Core Area Tadiva Hagana Lade Flinders 23 Results of Offshore Core Area Flinders Late Pliocene Peak Amplitude PSTM A 0 10km A 24
Results of Offshore Core Area 25 Moran, SE Mananda, Agogo 6 well site & Agogo Production Facility 26
Oil Search Production Outlook - existing fields Net Production (mmboe) Gobe Main Hides GTE 10 Moran SE Mananda 9 Kutubu 8.12 SE Gobe 8 7.66 7 6.69 6.2-6.7 6 5 4 3 2 1 0 2009 2010 2011 2012 2013 (Forecast) 2012…
29 Kurdistan Region of Iraq Taza PSC Kor Mor Kurdamir 2-3Tcf 400mmboe Jambur 800 mmbbl Sarqala discovery Taza 9600bpod Qamar Taza PSC 200 mmbbl Highly prospective region with many discoveries in last 4-5 years…
Tunisia Tajerouine PSC Semda Tajerouine PSC: OSH 100% Seismic acquired 2010, additional seismic in late 2011 Well-defined structural closure at proven reservoir levels and deeper levels Potential recoverable resource:…
Sustainability Focus Desire to play a role in long term development and wellbeing of people of PNG Continued push towards improved transparency and governance of benefits distribution, taxes and landowner company payments Investment in…
Appendix 1: 2012 Guidance Production: 6.2 6.7 mmboe Operating costs US21 - 24/boe (incl. corporate costs) Impacted by: Major workover programme to maximise oil recoveries before gas production FOREX PNG inflation Associated Gas…