OIL SEARCH LIMITED Focus On Sustainability A New Paradigm in Papua New Guinea 1
Overview PNG has had a excellent record of Project stability over many years PNG is now undergoing major economic development coupled with social change An enhanced focus on true sustainability is required to deliver fair distribution of…
Oil Search and PNG Strong Partners in Sustainability Oil Search is a little different: A PNG Company established in 1929 Operates all of PNGs producing oil and gas fields Significant PNG ownership Major equity owner in PNG LNG…
PNG Project Area Overview Facilities, pipelines & Pnyang PNG LNGMadang licence straddle Gas Project NonResources Southern Highlands, Juha North Hides Wabag PNG LNG Gas Resources Gulf and Western Huria Angore Mt. Hagan Exploration…
Our Operating Environment 5
PNG Undergoing Major Economic and Social Change A changing Operating Environment Impact of PNG LNG Other major project investments being actively reviewed Social changes in community structures Better education Burgeoning young…
The Oil Search Approach It starts with a focus on safety and environmental management Over 90% of field personnel are from PNG Diverse cultural background Heavy reliance on local landowner companies Passionate advocates of a world…
World Class Safety Performance Total Recordable Injury Frequency Rate Data (per Million Hours Worked (All Reported Data)) 2009 2010 Fletcher Building CSR CSR Brambles Hastie Group OZ Minerals James Hardie Macarthur Coal Brambles…
The Working Environment Petroleum Projects have extended but small footprints through a large area of the country and communities Not an Enclave Project stability achieved through strong harmonious relationships with local communities…
A Comprehensive Approach to Sustainability Management and Transparency of Benefits Streams Project Benefits to Government and Landowners include: Tax Payments to Central Government Direct Project Royalties An essential component…
A Comprehensive Approach to Sustainability Enhanced focus following major Strategic Review Ability to more than double company value over the next 5-8 years based on value delivery from PNG Assets Dependent on maintaining stable…
A Comprehensive Approach to Sustainability Oil Search Enhanced Focus PNG Stakeholder Engagement Government Landowner Leaders and Community Engagement Bureaucracy capability enhancement From Village to Port Moresby outside the fence…
A Comprehensive Approach to Sustainability Transparency in Management Sustainability Report Stakeholder Engagement Highlight our Commitment to PNG Oil Search Health Foundation Expand world class HIV/Aids and malaria management…
Sustainability A Compelling Business Case Promotion of stable operating environment Long term legacy of improved sustainable and transparent benefits for communities delivered to the grass roots Reputation and Social Licence…
Loading...
