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Oil Search Ltd OISHF

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Morningstar’s Analysis

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5-Star Price

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Economic Moat

PREMIUM

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Company Profile

Business Description

Oil Search was founded in 1929 and operates all of Papua New Guinea's oilfields. The PNG government holds a 10% interest. Oil Search had successfully run PNG oilfields since assuming operatorship from ExxonMobil in 2003. However, the tyranny of distance saw the large and high-quality gas fields largely stranded until 2014. The PNG LNG project is the first step to monetise those vast gas resources, again under the direction of ExxonMobil. First-stage construction is complete, with potential for expansion from two trains to five.

Contact
Ground Floor, Harbourside East Building, Stanley Esplanade, PO Box 842
Port Moresby, NCD 121, Papua New Guinea
T +675 3225599
Sector Energy
Industry Oil & Gas E&P
Most Recent Earnings
Fiscal Year End Dec 31, 2020
Stock Type
Employees 1,607