Oil Search confirms robust position amid COVID-19

Oil Search has described the first quarter of 2020 as one of the most “volatile periods in history” for the company despite production increasing by 5 per cent and operated production sky-rocketing
Read More
PNG LNG

Oil Search to raise $1.16bn amid oil slump

Oil Search plans to raise $US700 million ($1.160 billion) to secure additional financial strength as it manages a challenging market environment. The company has launched an entitlement offer, an institutional
Read More

Oil Search suspends PNG activity amid global crisis

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. As a result, all of the Oil
Read More
PNG LNG

Oil Search output bounces back from 2018 earthquake

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. Following the
Read More

Horizon plots NZ project life extension

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. The
Read More

PNG JV strives for solution with national government

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. Earlier this
Read More
PNG LNG

Oil Search set to abandon Gobe prospect in PNG

Oil Search has continued a drilling program at the Gobe Footwall 1 ST1 well in Papua New Guinea with unsuccessful results. The well, which was spudded in November last year, reached a total depth of 4370
Read More

PNG drops P’nyang deal with ExxonMobil

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
Read More

Horizon marks strong end to 2019

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). The company’s
Read More