Oil Search Ltd (Oil Search) is an independent upstream energy company. It explores for, develops and produces oil, natural gas and natural gas liquids (NGL). The company’s majority oil and gas assets are concentrated in Papua New Guinea (PNG) and operates all the producing oil fields in the country. Oil Search holds appraisal and exploration portfolio across PNG and has interest in PNG LNG Project. The company also owns interests in major undeveloped gas fields, including the Elk-Antelope fields in PRL 15, and in P’nyang in PRL 3. It also owns oil interests in the Alaska North Slope in the US. Oil Search is headquartered in Port Moresby, Papua New Guinea.
Headquarters
Papua New Guinea
Address
Po Box 842, Port Moresby, 121
Website
www.oilsearch.com
Telephone
675 3 225599
No of Employees
1,243
Industry
Energy and Utilities
Revenue (2020)
$1.1B
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Products and Services
| Products |
|---|
| Crude Oil |
| Natural Gas |
| Liquefied Natural Gas (LNG) |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2021 | Others | In December, the company secured approval from its shareholders for its planned merger with the Australian oil and gas company Santos. |
| 2021 | Acquisitions/Mergers/Takeovers | In December, the company merged with Santos Ltd, an Australian energy company. |
| 2021 | Regulatory Approval | In November, the company secured The National Court of Papua New Guinea approval to merge with Santos. |
Competitor Comparison
| Key Parameters | Oil Search Ltd | Beach Energy Ltd | Bass Oil Ltd | ExxonMobil PNG Ltd | Kina Petroleum Ltd |
|---|---|---|---|---|---|
| Headquarters | Papua New Guinea | Australia | Australia | Papua New Guinea | Australia |
| City | Port Moresby | Adelaide | Melbourne | Konedobu | Sydney |
| State/Province | - | South Australia | Victoria | - | New South Wales |
| No. of Employees | 1,243 | 214 | 8 | - | - |
| Entity Type | Private | Public | Public | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Richard Lee | Chairman | Executive Board | 2013 | - |
| Peter Fredricson | Acting Chief Executive Officer and Chief Financial Officer | Senior Management | 2021 | - |
| Bruce Dingeman | Executive Vice President, President-Alaska | Senior Management | - | - |
| Diego Fettweis | Executive Vice President - Commercial | Senior Management | 2020 | - |
| Bart Lismont | Executive Vice President - PNG Development & Operations | Senior Management | 2020 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
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