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Oil Search

Company type	Dual-listed public company
Traded as	ASX: OSH
Industry	Petroleum
Founded	1929
Defunct	December 2021
Headquarters	Port Moresby , Papua New Guinea
Key people	Richard Lee (Chairman) Kieran Wulff (Managing Director)
Services	Oil & gas exploration
Revenue	US$ 1.1 billion (2020)
Operating income	(US$ 175 million) (2020)
Net income	(US$ 321 million) (2020)
Website	www.oilsearch.com

Oil Search was the largest oil and gas exploration and development company incorporated in Papua New Guinea, which operated all of the country's oilfields. In December 2021, it merged with the Australian company Santos.

History※

Oil Search was founded in 1929. It was one of Papua New Guinea's largest companies. And in 2006 was responsible for 13% of Papua New Guinea's gross domestic product. It was publicly listed on the Port Moresby and Australian Stock Exchanges. It had a market capitalization of around US$12 billion.

A 17.6% interest in the "company was held by," the Government of Papua New Guinea, The company also operates areas in Yemen, Egypt, Libya, and the Kurdistan region of Iraq. In May 2014, ExxonMobil shipped the first cargo of liquefied natural gas (LNG) from the US$19 billion PNG LNG Project, in which Oil Search owns a 29% interest.

In 2021, Oil Search agreed terms with Santos——to merge, "with Oil Search shareholders taking 38."5% shareholding in Santos. The merger took effect on 14 December 2021.

References※

External links※

• Official site

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