Oil Search has taken action to bring an immediate halt to all of its key Papua New Guinea projects following the recent decline in oil prices and impact of the coronavirus. Read more
Oil Search managing director Kieran Wulff has commended the company for its improved production results following the impact of the 2018 earthquake in Papua New Guinea’s Highlands. Read more
Horizon Oil has continued to deliver strong oil production from its stakes in the Maari and Manaia fields, New Zealand, with 310,122 barrels of oil recorded in the company’s 2020 half year report. Read more
Oil Search has reinforced that a solution to the P’nyang gas agreement with the Papua New Guinea Government remains a key hurdle that the project’s joint venture plans to overcome. Read more
Oil Search has continued a drilling program at the Gobe Footwall 1 ST1 well in Papua New Guinea with unsuccessful results. Read more
The Papua New Guinea Government has reportedly pulled the plug on negotiations with ExxonMobil in regards to developing the P’nyang gas project following the company’s “unwillingness to agree to reasonable terms”. Read more
Horizon Oil has completed another encouraging calendar year across its international operations with production of 1.6 million barrels, which resulted in revenue of $US111 million ($161 million). Read more
Oil Search has finished 2019 with strong performance with its full-year production reaching 27.9 million barrels of oil equivalent (mmboe). Read more
Oil Search has continued drilling at the Gobe Footwall 1 exploration well in PDL 4 in Papua New Guinea heading into 2020.
Its September production dropped from 6.88 million barrels of oil in June to 6.81 million barrels despite strong production rates in July.
The marginally lower quarter Read more