Oil Search Limited

Oil Search Limited

Oil Search is an oil and gas exploration and development company that has been operating in Papua New Guinea (PNG) since 1929. It is PNG's largest oil and gas producer and operates all of the country’s currently producing oil and gas fields, and is the third-largest exploration company in Australasia.

Oil Search Limited

The company has a market capitalisation of around US$10 billion and the Independent State of PNG is the largest shareholder, with 196.6 million shares. The company is publicly listed on the Australian and Port Moresby Stock Exchanges (OSH) and trades in the US through the ADR market (OISHY). It has exploration activities in PNG, Yemen, the Kurdistan region of Iraq, and Tunisia. It also has a 29% interest in the world-scale $19 billion PNG LNG Project, operated by ExxonMobil, which commenced construction in March 2010 with first LNG sales scheduled for 2014.

Oil Search believes that it has the potential to continue to achieve top quartile performance for at least the next five years. The strategies being pursued to achieve this growth include optimising the value of the oil and gas operations through the pursuit of near-field production opportunities, rigorous cost control and new developments; maximising the value from the PNG LNG Project, by supporting the operator, ExxonMobil, particularly in the management of in-country issues; promoting an early decision on a third LNG train based on existing PNG LNG Project fields and nearby structures; and accumulating gas resources outside existing PNG LNG Project fields, to support a standalone LNG project.

Other Upstream & Integrated Assets

  • Compañia Española de Petróleos (CEPSA)

    Compañia Española de Petróleos (CEPSA)

    The world’s largest producer of raw materials for household essentials such as detergents and toiletries.

    Read more about Compañia Española de Petróleos
  • Dolphin Energy

    Dolphin Energy Logo

    Dolphin Energy, a multinational gas development and transportation initiative, is among the largest energy investments ever undertaken in the Gulf region.

    Read more about Dolphin Energy
  • Jasmine


    One of three offshore producing fields operated by Mubadala Petroleum in the Gulf of Thailand 

    Read more about Jasmine
  • Manora Oil Field

    Mubadala Petroleum operates the Manora oil field in the northern Gulf of Thailand.

    Read more about Manora Oil Field
  • Mubadala Petroleum

    Mubadala Petroleum

    Mubadala Petroleum is exploring, appraising, developing, and producing oil and gas resources in the Middle East, Africa and Central and Southeast Asia

    Read more about Mubadala Petroleum
  • Mukhaizana


    Mukhaizna, located in Block 53 onshore Oman, is operated by Occidental.

    Read more about Mukhaizna
  • Nong Yao Oil Field

    Nong Yao is one of Mubadala Petroleum’s four offshore operations in Thailand.

    Read more
  • OMV


    Integrated international oil and gas business and Austria’s largest listed industrial company.

    Read more about OMV
  • Ruby Gas Field

    Ruby Gas Field

    Mubadala Petroleum operates the Ruby field in Indonesia, producing gas for local requirements

    Read more about ruby gas field