Our Activities

Licence Interests

As of July 2015

Licence Field / Project Oil Search
Interest %
Operator

PNG Petroleum Development Licences (PDL)

PDL 1 Hides 16.66 ExxonMobil
PDL 2 Kutubu, Moran 60.05 Oil Search
PDL 2 - SE Mananda JV SE Mananda 72.27 Oil Search
PDL 3 SE Gobe 36.36 Santos
PDL 4 Gobe Main 10.00 Oil Search
PDL 5 Moran 40.69 ExxonMobil
PDL 6 Moran 71.07 Oil Search
SE Gobe Unit (PDL 3/PDL 4)   25.55 Oil Search
Moran Unit (PDL 2/PDL 5/PDL 6)   49.51 Oil Search
Hides Gas-to-Electricity Project (PDL 1)   100.00 Oil Search
PDL 7 South Hides 40.69 ExxonMobil
PDL 8 Angore 40.69 ExxonMobil
PDL 9 Juha 24.42 ExxonMobil
APDL11 Mananda 71.25(1) Oil Search
PNG LNG Project     
PNG LNG Project PNG LNG Project 29.00 ExxonMobil
PNG Pipline Licences (PL)
PL 1 Hides 100.00 Oil Search
PL 2 Kutubu 60.05 Oil Search
PL 3 Gobe 17.78 Oil Search
PL 4 PNG LNG Project 29.00 ExxonMobil
PL 5 PNG LNG Project 29.00 ExxonMobil
PL 6 PNG LNG Project 29.00 ExxonMobil
PL 6 PNG LNG Project 29.00 ExxonMobil
PL 7 PNG LNG Project 29.00 ExxonMobil
PL 8 PNG LNG Project 29.00 ExxonMobil
PNG Petroleum Processing Facility Licence
PPFL 2 PNG LNG Project 29.00 ExxonMobil

PNG Petroleum Retention Licences (PRL)

PRL 3 P'nyang 38.51 ExxonMobil
PRL 8 Kimu 60.71 Oil Search
PRL 9 Barikewa 45.11

Oil Search

PRL 10 Uramu 100.00(2) Oil Search
PRL 14 Cobra, lehi 62.56 Oil Search
PRL 15 Elk/Antelope 22.84(3) InterOil
 PNG Petroleum Prospecting Licences  (PPL) 
PPL 244   40.00 Oil Search
PPL 260   40.00 Oil Search
PPL 269   10.00 Talisman
PPL 277   50.00 ExxonMobil
PPL 385   100.00 Oil Search
PPL 402   100.00 Oil Search
PNG Farmin Agreements
PPL 339   70.00 Kina Petroleum
Yemen
Block 7   34.00(4) Oil Search
Iraq
Taza (K42)   60.00 (5) Oil Search
 Tunisia
Tajerouine   100.00(6) Oil Search

(1) Pending Ministerial grant.
(2) In October 2012, Oil Search entered into a farm-out agreement with Total, under which Total may acquire a 50% interest in this licence.
(3) In March 2014, Oil Search acquired five corporate entities which hold an aggregate interest in PRL15 of 22.84%.
(4) 40% paying interest. In April 2015, Oil Search entered into an agreement to sell all of the shares in Oil Search (ROY) Limited, which holds the interest in Block 7 to a wholly owned subsidiary of Petsec Energy Limited. Completion of the sale is subject to a number of conditions including Government approvals.
(5) 75% paying interest
(6) The Tunisian Government has back-in rights of up to 50% of the licence on payment of past costs.