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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 the country's Gobe, Hides, and Kutubu oil and gas projects. Founded in 1929, Oil Search is Papua New Guinea's largest exploration and production company, with proved and probable reserves of 94.3 million barrels of oil and 2,370.7 billions of cubic feet of gas in 2013. Total net production from its 29%-interest PNG LNG Project fields was another 6.74 million barrels of oil equivalent in 2013. Oil Search also explores for oil and gas in the Kurdistan region of Iraq and Tunisia. In 2013 an HSBC unit owned 22% of Oil Search; a JP Morgan unit about 20%; and Independent Public Business Corporation, 15%.
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Contact Information
Address: 1 Bligh St.
Sydney 2000, Australia
Phone:+61-2-8207-8400
Fax:+61-2-8207-8500
Financial Highlights
Fiscal Year End:December
Revenue (2013):759.80 M
Revenue Growth (1 yr):5.00%
Employees (2013):1,252
Employee Growth (1 yr):4.30%
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 (stosf)
 


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