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Industry Center - Oil & Gas Drilling & Exploration
Industry Center > Oil & Gas Drilling & Exploration > Oil Search Limited Company Profile
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Oil Search Limited Company Profile
Making money in Papua New Guinea is the hope of Oil Search, which holds stakes in that country's Gobe, Hides, and Kutubu oil and gas projects. Oil Search ranks as Papua New Guinea's largest exploration and production company, with (in 2012) proved and probable reserves of 552.4 million barrels of oil equivalent. In addition to Papua New Guinea, it explores for oil and gas in the Kurdistan region of Iraq, Tunisia, and Yemen. In 2013 an HSBC unit owned 22% of Oil Search; a JP Morgan unit about 20%; and Independent Public Business Corporation, 15%. Founded in 1929, Oil Search greatly expanded its Papua New Guinea-based operations through its merger with energy and mineral explorer Orogen Minerals in 2002.
Headlines for Oil Search Limited
Malaysia Airlines MH370: RAAF planes scour Indian Ocean for possible debris from missing plane
- Thu Mar 20
Seabed of jet hunt zone mostly flat with 1 trench
- Sun Mar 30
US calls on Europe to wean itself from Russian gas
- Wed Apr 2
Satellite clue ends wild theories, hope for MH370
- Tue Mar 25
A Bizarro-World Market
- Mon Apr 14
Seabed of jet hunt zone mostly flat with one trench
- Mon Mar 31
Australian planes spot two objects in jet search
- Mon Mar 24
Russia’s Ace in the Hole: Iran
- Tue Apr 8
#PrayForMH370 Live Updates: Search area widened after French satellite images
- Sun Mar 23
US calls on Europe to step up energy independence but options are limited, success uncertain
- Wed Apr 2
Contact Information
Address: 1 Bligh St.
Sydney 2000, Australia
Financial Highlights
Fiscal Year End:December
Revenue (2013):759.80 M
Revenue Growth (1 yr):5.00%
Employees (2012):1,200
Employee Growth (1 yr):6.70%
Key People
Chairman: Richard J. Lee
Managing Director and Board Member: Peter R. Botten
Chief Financial Officer and Group Secretary: Stephen Gardiner
Industry Information
Sector: Basic Materials
Industry: Oil & Gas Drilling & Exploration
Top Competitors
Lundin Petroleum AB
Royal Dutch Shell plc
Santos Ltd

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