The company has agreed to sell a 2.6 per cent participating interest in the Papua New Guinea (PNG) LNG to Kumul Petroleum for $576 million.
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P’nyang agreement back on the cards for Oil Search
Oil Search’s portfolio of high-quality assets in Papua New Guinea (PNG) continued to drive strong performance in the first half of 2021, with its operated assets, oil production increased slightly from
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Rise in PNG COVID-19 cases causes hassles for Oil Search
Oil Search managing director Keiran Wulff has described that last quarter as stable, despite rapidly growing COVID-19 cases impacting Papua New Guinea (PNG).
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Oil Search emerges stronger and safer: Wulff
Oil Search managing director Keiran Wulff believes the company has emerged from 2020 stronger and more resilient as a result of its response to COVID-19.
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Stronger and safer than ever: Oil Search
Oil Search managing director Keiran Wulff believes the company has emerged from 2020 stronger and more resilient as a result of its response to COVID-19. Outlined in the company’s 2020 full year
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Oil Search output to dip with maintenance programs
Oil Search’s focus on performance, cost and capital allocation continued to deliver results in the December quarter last year, with record annual LNG production in Papua New Guinea (PNG). Outlined
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Oil Search reignites P’nyang discussions
Oil Search has continued exploratory discussions with the Papua New Guinea (PNG) Government during the first half of the year in regards to the P’nyang gas agreement. The company advised that the aim
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Oil Search to raise $1.16bn as oil decreases
Oil Search plans to raise $US700 million ($1.160 billion) to secure additional financial strength as it manages a challenging market environment.
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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
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Oil Search commits to finding answer to PNG agreement
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.
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