Oil Search Ltd.
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About
Oil Search Ltd. is the largest oil and gas exploration and development company incorporated in Papua New Guinea, which operates all of Papua New Guinea’s oil fields.
Oil Search is listed on the Australian and Port Moresby security exchanges (share code: OSH) and its ADRs trade on the US Over the Counter market (share code: OISHY).
Editor's note: Updated July 2, 2019.
Transactions
Santos, Oil Search Agree to Merge Despite Scrutiny
Santos, Oil Search Agree to Merge Despite Scrutiny
Oil Search Makes Eleventh-Hour Deal For Armstrong’s Massive Alaska Discovery
Oil Search Makes Eleventh-Hour Deal For Armstrong’s Massive Alaska Discovery
Oil Search Makes Eleventh-Hour Deal For Armstrong’s Massive Alaska Discovery
Oil Search Makes Eleventh-Hour Deal For Armstrong’s Massive Alaska Discovery
Oil Search Makes Eleventh-Hour Deal For Armstrong’s Massive Alaska Discovery
Oil Search Makes Eleventh-Hour Deal For Armstrong’s Massive Alaska Discovery
Armstrong Selling Stake In Largest US Oil Discovery In Decades
Armstrong Selling Stake In Largest US Oil Discovery In Decades
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News
PNG-focused Oil Search Gets Shareholder Nod for $6.2 Billion Buyout by Santos
In September, Santos said the merger with Oil Search would better align stakeholdings in PNG’s biggest gas projects—PNG LNG and Papua LNG—that would further support investment and deliver new jobs.
Santos, Oil Search Agree to Merge Despite Scrutiny
Santos said the merger with Oil Search would better align stakeholdings in PNG’s biggest gas projects—PNG LNG and Papua LNG—that would further support investment and deliver new jobs.
Papua New Guinea Resumes Talks with Exxon on Gas Field Agreement
In November 2019, talks tied to a $13 billion expansion of the country's LNG exports fell apart with the government saying Exxon was unwilling to negotiate on the country’s terms.
Santos Sees Oil Search Buy Helping Speed Up Pivot to Clean Fuels
The companies agreed an all-scrip deal earlier this month to combine Santos' oil and gas assets in Australia with those of Oil Search in Papua New Guinea and Alaska.
Oil Search, Santos Close to Deal to Create Top 20 Global Oil Firm
Oil Search said on Aug. 2 it intended to recommend an improved buyout offer from Santos Ltd., worth AU$8.4 billion (US$6.2 billion), in a deal that would create a top-20 global oil and gas company.
Oil Search Rebuffs $6.5 Billion Takeover Bid from Santos
A takeover of Oil Search would give Santos a bigger stake in the Exxon Mobil-led LNG project in Papua New Guinea plus operatorship of the Pikka oil project in Alaska.
Total Presses Ahead with Papua LNG, Sees 2023 Investment Decision
The project had been delayed due to the pandemic.
Oil Search Focuses on Alaska Stake Sale after Eking Out Profit for 2020
Oil Search’s main challenge this year is to sell a 15% stake in its $3 billion Pikka oil project in Alaska.
Papua New Guinea, Total Sign Agreement for Delayed Papua LNG Project
The agreement would stick to terms agreed in April 2019, PNG Prime Minister James Marape said.
Oil Search Preps for Alaskan Assets Sale, Boosts Resource Estimates
Australia-listed Oil Search Ltd. said it plans to launch a formal process for sale of its 15% stake in the Pikka project and other key Alaskan assets in first-quarter 2021.
Oil Search Slashes Costs to Position Itself for Growth from 2025
The Australian-listed company reported an 85% plunge in half-year core profit Aug. 25 and scrapped its dividend, hurt by the COVID-19 driven slump in oil prices.
Best of This Week’s Drilling Activity Highlights (July 31, 2020)
An Alaskan North Slope oil discovery by Oil Search plus plans for deep, unconventional gas exploratory wells in Saudi Arabia’s Rub al-Khali region top this week’s drilling activity highlights from around the world.
Oil Search Plans to Write Off Some PNG Exploration Assets, Power Project
The Papua New Guinea (PNG)-focused oil and gas company will record a non-cash, pre-tax charge of between $360 million and $400 million in its half-year results that would not impact its cash earnings, it said in a statement to the stock exchange.
Best of This Week’s Drilling Activity Highlights (April 24, 2020)
Results from an EOG Resources multiwell Permian Basin prospect in Reeves County, Texas, and a new North Slope wildcat in Alaska top this week’s drilling activity highlights from around the world.
Oil Search Finds Oil, Deems Alaska Drilling Campaign a ‘Success’
The company reported the discovery of oil from a well west of the Horseshoe discovery and hydrocarbon pay from a sidetrack.