UBS UK Roadshow September 2014 Oil Search Limited ARBN 055 079 868 2014 First Half Highlights PNG LNG Project start-up major milestone for Oil Search and PNG: Condensate production in March, LNG production in April and first…
2014 Half Year Highlights cont. Encouraging results from Taza appraisal programme in Kurdistan: Taza 2 appraisal well confirmed northern extent of structure Testing operations temporarily suspended due to supply chain issues. Other…
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 Equity Interests: ExxonMobil (33.2%), Oil…
PNG LNG development drilling Six Hides production wells at three wellpads (B,C PDL 1/7 Hides Field and D) complete 8 New Production Wells Hides GTE Plant Hides Nogoli Camp Final two Wellpad G (north west area) wells drilled to…
First PNG LNG shipment arrived in Japan in early June 2014 Unloading of first PNG LNG cargo at TEPCO Futtsu-2 Terminal Source: ExxonMobil 9 All PNG LNG facilities now complete LNG Plant Associated Gas Hides GCP LNG…
Strong production from PNG oil fields Juha North Papua New Guinea Strong reservoir performance Juha Hides Hides Kutubu and contributions from Kutubu Angore Port Moresby and Moran fields Continued success of Mananda 5,6 & 7 Moran…
Gas Growth Strategy Focus on aggregating gas in two NW Highlands hubs NW Highlands and Gulf Gas Hub Basin to underwrite additional LNG Papua New Guinea Hides from PNG LNG Project and other Kutubu LNG developments Port Moresby In…
Hides F1 Deep Exploration Well Hides F1 Deep designed to penetrate Koi- Iange reservoir (currently mapped 700m below Hides Toro/Digimu reservoirs) Well to be drilled from Wellpad F, deepening of F1 development well Site complete,…
Elk/Antelope - PRL 15 Gulf Basin gas hub Pnyang Juha Juha North PPL260 PNG LNG Project Acquired 22.8% gross Gas Fields interest in PRL 15, containing Hides PNG LNG Project Elk/Antelope gas fields, in Facilities Angore March 2014…
Oil Discovery at Taza, Kurdistan: Appraisal Underway TURKEY TURKEY Tawke Caspian Sea Shaikan IRAN KURDISTAN KURDISTAN REGION OF IRAQ Erbil Sulaimaniyah Taq Taq SYRIA Taza PSC Chemchemal Miran West Kirkuk IRAN IRAQ Jambur Kor…
Strategic Review Positioning for Next Phase of Growth Major Strategic Review well advanced: Will set objectives and programmes for Oil Search for next five years Focus is to maintain top quartile returns to shareholders Review is…
Ensuring long term sustainability Government cash flows significantly boosted by PNG LNG Project Vital that revenues flow into community, to ensure long term social stability OSH is committed to using resources, skills and knowledge…
Appendix 1: Oil Search Profile Established in Papua New Guinea (PNG) in 1929 Market capitalisation A14.5bn (US13bn) Erbil Tunis Sulaymaniyah Listed on ASX (Share Code OSH) TUNISIA IRAQ and POMSOX, plus ADR programme Dubai (Share…
Appendix 3: TSR performance 840 Median TSR 752.3 ASX200 740 Median TSR 640 ASX200 Energy 540 OSH TSR % TSR 440 340 240 218.8 140 82.5 96.7 47.8 29.8 10.1 16.2 25.7 14.5 40 -60 -31.2 -21.9 1 YEAR 3 YEAR 5 YEAR…
Appendix 5: Treasury Update New bilateral revolving facilities totalling Cash (USM) US250 million established during 1H14 1500 1,264 Total liquidity of US1,068 million at 30 June 1,047 comprising US368 million cash, US450 1000…
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