OIL SEARCH LIMITED - ASX: OSH

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Description

Oil Search Ltd is an Oil and Gas producer and exploration company with interest in Papua New Guinea, Yemen, Tunisia and Iraq.

• Was incorporated in Papua New Guinea (PNG) in 1929

• Is PNG's largest oil and gas producer and operates all of PNG's producing oil and gas fields

• Has a 29% interest in the world scale PNG LNG Project, operated by ExxonMobil, which commenced full construction in March 2010

• Has 2P reserves of 566.9 million barrels of oil equivalent, including 505 mmboe relating to the PNG LNG Project, and contingent 2C resources of 281 million barrels of oil equivalent.

• Is publicly listed on the Australian and Port Moresby Stock Exchanges and trades in the US through the ADR market

• Has a market capitalisation of around US$6 billion

• The Independent State of PNG is the Company's largest shareholder with a 15% interest. The PNG State has issued exchangeable bonds over its holding to IPIC of Abu Dhabi

• Is one of PNG’s largest companies and tax payers

• Has approximately 1,000 full-time staff and over 1,000 contractors located in PNG, Australia, Yemen and the United Arab Emirates

• Has exploration activities in PNG, Yemen, Iraq and Tunisia

• Is unaffected by Australia's recently introduced resources super profits tax as all producing fields are located in PNG

Mine For

oil, gas

Location of operation(s)

Papua New Guinea, Yemen, Libya, Iraq, Tunisia

Address

Level 27, Angel Place , 123 Pitt Street
SYDNEY, NSW, AUSTRALIA

Phone

(02) 8207 8400

Email

Website

http://www.oilsearch.com

Last Updated

21/06/2010